FORMER AIG EXECUTIVE AND HER EX-HUSBAND PLEAD GUILTY IN MANHATTAN FEDERAL COURT TO DEFRAUDING AIG AND DEUTSCHE BANK

LawFuel.com – 8 March 2012 – Preet Bharara, the United States Attorney for the Southern District of New York, and Ronald J. Verrochio, the Inspector-in-Charge of the New York Office of the U.S. Postal Inspection Service (“USPIS”), announced that HEIDI WALKER, a former Managing Director of AIG Global Investment Group and Deutsche Asset Management and her ex-husband, PETER PFABE, each pled guilty yesterday in Manhattan federal court to one count of conspiracy to commit mail fraud and wire fraud.

WALKER and PFABE pled guilty before U.S. District Judge John F. Keenan and admitted that they conspired together to defraud Deutsche Asset Management and AIG Global Investment.