AIG’s Greenberg pays $15 M to settle charges
Aug 7th, 2009 | By Hot News Reporter | Category: Insurance Today(Reuters) – AIG’s former Chief Executive Hank Greenberg agreed to pay $15 million to settle government allegations that he had cooked the books to inflate the insurer’s earnings in the first half of this decade, the Securities and Exchange Commission said on Thursday.
Howard Smith, American International Group Inc.’s former chief financial officer, also agreed to [...]