NU Online News Service, April 2, 2:59 p.m. EST

Elizabeth A. Monrad, the former chief financial officer for Gen Re, was sentenced today to 18 months in federal prison for her role in a sham insurance scheme involving American International Group.

U.S. District Court Judge Christopher F. Droney in Hartford, Conn., in addition to the prison term, sentenced Ms. Monrad to three years probation and fined her $250,000.

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