Who Is Mr. Big?
New York Attorney General Eliot Spitzer continues to line up plea bargains with relatively small players in his crusade to expose wrongdoing by insurers and their brokers.
Since Mr. Spitzer went public with his probes, 16 people have pleaded guilty to various charges involving market manipulation–seven from Marsh, four at AIG, three at Zurich, and one each at ACE and Liberty Mutual. The offenses carry prison time, but the caveat is always that charges could be reduced and/or sentences eased in exchange for cooperation and testimony.
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