Former Conseco President and CEO Thomas J. Kilian borrowed $25 million to buy company stock but never repaid the company, according to the Associated Press. Kilian is one of 11 executives charged with borrowing more than $670 million in order to buy company stock.

Conseco claimed that Kilian owed the company $26.8 million, which includes the $25 million for a company-backed loan, plus interest.

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