the-offshore
Judge takes over questioning ex-AIG chief Hank Greenberg
September 30, 2016 by creative · Leave a Comment
The New York judge weighing whether ex-AIG chief Maurice “Hank” Greenberg should be liable for accounting fraud on Thursday pressed the 91-year-old executive about why AIG had created an offshore entity for losses from a failed automotive warranty program. Greenberg was on the stand for the third day for allegedly engineering the offshore entity, known as Capco, to hide $200 million in underwriting losses from shareholders. The transaction is one of two at the heart of a 2005 case against…
See more here:
Judge takes over questioning ex-AIG chief Hank Greenberg