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Elizabeth Monrad

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BUSINESS
May 11, 2005 | From Dow Jones/Associated Press
Pension-fund giant TIAA-CREF on Tuesday said its chief financial officer, Elizabeth Monrad, is taking an unpaid leave of absence after receiving word from regulators that she may face charges stemming from her previous work at one of Berkshire Hathaway Inc.'s insurance companies. Monrad, who asked for the leave, received a so-called Wells notice from the Securities and Exchange Commission, a sign that she is likely to face charges of violating securities law.
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BUSINESS
May 11, 2005 | From Dow Jones/Associated Press
Pension-fund giant TIAA-CREF on Tuesday said its chief financial officer, Elizabeth Monrad, is taking an unpaid leave of absence after receiving word from regulators that she may face charges stemming from her previous work at one of Berkshire Hathaway Inc.'s insurance companies. Monrad, who asked for the leave, received a so-called Wells notice from the Securities and Exchange Commission, a sign that she is likely to face charges of violating securities law.
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BUSINESS
February 5, 2001 | From Bloomberg News
Warren Buffett's Berkshire Hathaway Inc. plans to form a venture with former J.P. Morgan & Co. executives Roberto Mendoza and Peter Hancock that will help companies, government agencies and individuals use derivatives. The venture will be formed through Berkshire Hathaway's reinsurance unit, General Re Corp. A partnership led by Mendoza and Hancock will buy a majority interest in General Re Securities Holdings, a unit of General Re. Mendoza left J.P.
BUSINESS
February 26, 2008 | From Times Wire Services
Five former executives of insurance giants General Reinsurance Corp. and American International Group Inc. were convicted Monday on charges accusing them of helping to deceive AIG investors through a sham transaction in 2000. Prosecutors in the case, tried in Hartford, Conn., said the defendants helped AIG fraudulently inflate its loss reserves by $500 million. AIG acknowledged accounting improprieties, restated its earnings for 2000 through 2004 and agreed to pay $1.64 billion to settle sales and accounting probes in 2006.
BUSINESS
February 3, 2006 | From Associated Press
Three former executives at Berkshire Hathaway Inc.'s General Re Corp. insurance unit and a former American International Group Inc. executive have been indicted by a federal grand jury on charges of fraud and conspiracy, the Justice Department announced Thursday. The indictment was returned by a grand jury in Norfolk, Va., charging the former executives with conspiring to make AIG's finances appear better than they were.
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