January 24, 2005
Conn. Sues MMC & Ace In Kickback Scheme
Connecticut's Attorney General Richard Blumenthal said he has filed suit against Marsh & McLennan, Inc., and ACE Financial Solutions, Inc., over an alleged bribery scheme.
Blumenthal charges that New York-based MMC's insurance brokerage firm
Marsh secretly steered an $80 million workers' compensation state
contract to ACE in return for an additional commission of $50,000. Mr.
Blumenthal said Marsh failed to inform it's client, Connecticut's
Department of Administrative Services, about the additional commission.
Posted by Tom Troceen