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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.

Mr. 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.

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Posted by Tom Troceen