General Eliot Spitzer said today that a former senior executive of Marsh,
Inc. has pleaded guilty to criminal charges in connection with an ongoing
investigation of fraud and bid rigging in the insurance
Ten employees at four companies in the insurance industry have now pleaded guilty to criminal charges in the probe. The former Marsh executive is cooperating with the investigation and is expected to testify in future cases, as are the nine other insurance industry employees who previously entered guilty pleas.
Spitzer thanked the New York State Insurance Department for its cooperation in the joint investigation, which is continuing.
The case is being prosecuted by Assistant Attorneys General Michael Roe and Nina Sas of the Criminal Prosecutions Bureau, under the direction of Deputy Chief of the Criminal Prosecutions Bureau Kevin Suttlehan and Chief of the Criminal Prosecutions Bureau Janet Cohn. Investigators Sylvia Rivera and John McManus of the Investigations Bureau, under the supervision of Deputy Chief Investigator Hank Lemons assisted in the investigation.