updated 10:42 p.m.
A former chief executive at Cologne Re Dublin will plead guilty to federal criminal conspiracy charges and testify against management at American International Group involved in a phony accounting scheme, his U.S. attorney said today.
The plea decision by John Houldsworth was revealed as the U.S. Securities and Exchange Commission filed documents in a separate action that revealed investigators probing the AIG transactions have tape recordings, mentioning "ways to cook the books," e-mails and handwritten notes.
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