Ex-Deutsche Bank, AIG Executive Charged With Fraud - WSJ.com

Ex-Deutsche Bank, AIG Executive Charged With Fraud - WSJ.com: "former Deutsche Bank AG and American International Group Inc. executive has been charged with diverting company money to her husband's marketing firms, in part to cover expenses for their upstate New York horse farm.
Heidi Walker allegedly caused false invoices to be filed with Deutsche Bank's asset management unit, and later AIG's Global Investment Group, on behalf of companies owned by her husband, Peter Pfabe, according to an indictment unsealed in federal court in Manhattan on Tuesday. Ms. Walker approved the payments, according to the indictment.
No services were rendered for either Deutsche Bank or AIG, and her husband's involvement wasn't disclosed, according to the indictment.
As a result, Deutsche Bank's asset management unit was defrauded of about $345,000 and AIG was defrauded of roughly $125,000, according to the indictment."