A former managing director at insurance giant Marsh & McLennan pleaded guilty in New York Supreme Court last week to bid-rigging and price-fixing.

According to a report from the Associated Press, 50-year-old Kathryn Winter of Manhattan pleaded guilty to one felony count of scheming to defraud. Winter admitted that between 2001 and 2004, her actions "resulted in clients being tricked and deceived by a deceptive bidding process," the AP reported.

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