Plea Reduces Marsh 8 To 7

By Sam Gustin
The New York Post Online
October 1, 2005

The Marsh Eight are now the Marsh Seven.

Two weeks after New York Attorney General Eliot Spitzer secured felony indictments against eight former Marsh and McLennan executives, one of those execs, Edward J. Keane Jr., a former Marsh assistant vice president, has pleaded guilty to a reduced charge in exchange for his cooperation.

Keane pleaded guilty to a class E felony, scheme to defraud, before Judge James A. Yates in Manhattan Supreme Court.

If Keane's cooperation is deemed useful, his felony guilty plea will be thrown out and replaced with a misdemeanor guilty plea.

Copyright © 2005 by The New York Post Online

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