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Article: AIG's Greenberg takes the fifth ... for now: former CEO transfers $2.6b in AIG stock to spouse just before resignation.(Maurice Greenberg invokes right against incrimination)
- Article from:
- National Underwriter Property & Casualty-Risk & Benefits Management
- Article date:
- April 18, 2005
- Author:
CopyrightCOPYRIGHT 2005 The National Underwriter Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FORMER American International Group chief executive Maurice Greenberg invoked his right against self-incrimination and refused to answer questions from government officials last week about his company's accounting activity, his legal team confirmed.
Mr. Greenberg's appearance for a deposition at New York Attorney General Eliot Spitzer's office, where he invoked the Fifth Amendment, was reported to take less than an hour.
Meanwhile, a Form 4 filing with the U.S. Securities and Exchange Commission--which is also investigating Mr. Greenberg--revealed that he had transferred $2.6 billion worth of AIG stock to his wife, Corinne, three days before his March 14 ...