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Greenberg faces $100 mln fine on civil-fraud case: report

SAN FRANCISCO (MarketWatch) — Maurice “Hank” Greenberg, former chief executive of American International Group faces a fine of at least $100 million as part of a settlement under negotiation with the New York Attorney General’s office over a long-running civil-fraud case, the Wall Street Journal reported on its Web site Friday, citing a person familiar with the matter. The case stems from an accounting probe of AIG that led to Greenberg’s exit as its CEO in 2005. Still, the settlement talks could break down and a deposition could take place as soon as late next week which would likely eliminate the possibility of an out-of-court deal, the newspaper said.
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Original post by Forextvblog

This entry was posted on Friday, September 5th, 2008 at 4:27 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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