Former Deutsche Bank and AIG managing director Heidi Walker and her husband Peter Pfabe plead guilty to defrauding both financial firms yesterday, the New York Post reported.
The real kicker to the story—the money the couple took from the companies was used to fund a horse farm the two ran in upstate New York.
According to a grand jury indictment in 2010, Walker arranged for Deutsche Bank to pay $345,000 and AIG to pay $125,000 to companies run by her husband in exchange for alleged client and marketing services.
Walker worked at Deutsche Bank from 2002 to 2008, and at AIG from 2008 to 2010. The two could face up to five years in prison, according to the Post.
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