NU Online News Service, May 6, 4:25 p.m. EDT--Federal prosecutors are looking into allegations that former American International Group Chairman Maurice "Hank" Greenberg tried to manipulate the company stock price, the New York Times reported this morning.
According to the account, an executive in the AIG trading group reported that Mr. Greenberg instructed a trader to buy AIG stock as the price was falling earlier this year.
The conversations between the trader and CEO were recorded, tapes of which were turned over to both federal prosecutors and the Securities and Exchange Commission, the newspaper reported.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
