Monday, November 3, 2008

p0wned

Former UBS executive Mitchel Guttenberg was sentenced to six and a half years in prison today for his involvement in illegal insider trading. source

Perhaps more importantly, four former General Re executives and one former AIG executive ( Christopher Garand, Ronald Ferguson, Elizabeth Monrad, Robert Graham and Christian Milton) were convicted of defrauding shareholders of somewhere between $544 million and $597 million. These crooks could face a life sentence. source

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