NU Online News Service

Washington --Federal prosecutors here unveiled an indictment today accusing three executives formerly with General Re and one from American International Group with participation in sham transactions to pump up AIG reserves.

The indictment did not name Maurice Greenberg, former AIG chief executive and chairman, who has been fingered in previous proceedings as the mastermind for a scheme that allegedly involved bogus reinsurance arrangements to improve his company's financial picture and stock performance.

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