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Violation Tracker Individual Record

Company: General Reinsurance Corporation
Current Parent Company: Berkshire Hathaway
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $24,500,000
Year: 2010
Date: January 20, 2010
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: General Reinsurance Corporation entered into an agreement with the Department of Justice related to its alleged role in a fraudulent scheme from 2000 through 2004 to manipulate AIG's financial statements.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: non-prosecution agreement
HQ Country of Current Parent: USA
HQ State of Current Parent: Nebraska
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: diversified
Specific Industry of Current Parent: diversified
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.