Former General Re CFO Jailed for AIG Stock Fraud
Elizabeth Monrad, 52, of New Canaan, was sentenced to 18 months in federal prison and fined 250000 for involvement in an accounting fraud that propped up AIG shares. Judge Droney said she helped begin the scheme and warned that such conduct harms the financial community.
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Hartford
Conn
General Re Corp
American International Group
Elizabeth Monrad
New Canaan
AIG
Christopher Droney
Monrad
General Re
Droney
Appalachia
Sri Lanka
House approves FDA regulation of tobacco products
The House passed the Family Smoking Prevention and Tobacco Control Act by 298 to 112, granting the FDA authority to regulate cigarettes and other tobacco products. The bill faces Senate action later in the month with White House support and opposition likely from tobacco states.
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House
Washington, D.C
Food and Drug Administration
Senate
White House
Bush
Can Heart Association
Nancy Brown
Energy and Commerce Committee
Henry Waxman
D-Calif
Waxman
Edward Kennedy
D-Mass
FDA
Supreme Court
Global Leaders Agree to $1.1 Trillion Aid Plan
The G20 pledges $1.1 trillion in loans and guarantees for poor nations and creates a supervisory body to flag global financial risks. They fail to reach broad stimulus commitments though US and UK urge more spending. The communique shows progress on market regulation with markets rising as the summit unfolds.
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London
Group of 20 Nations
U.S
United States
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FPU