American International Group was defending itself again yesterday against reports it paid for a lavish resort junket even as it was arranging for a greater government bailout.

The giant conglomerate put out a statement today denying any heavy spending in the wake of televised stories about a financial planners' seminar at the Pointe Hilton Squaw Peak Resort in Phoenix last week.

ABC News Phoenix outlet KNXV characterized the meeting–which did not display AIG logos–as a “secret gathering” and reported they had hidden videos of AIG executives at pools and spas.

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