HARTFORD, CONN.–A federal prosecutor told jurors today that five insurance executives accused of a sham reinsurance transaction that artificially improved American International Group's financial picture all played a part in the deal and must be held accountable.
"Everyone had a role in this transaction. Each of them had a choice whether to do this or not. It was a risk they were willing to take, and they must now pay the consequences for it," said Assistant U.S. Attorney Eric Glover during closing arguments in U.S. District Court here.
One of the first defense lawyers up to rebut him said his defendant had done nothing wrong, and suggested a key government witness had made up his story.
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