NU Online News Service, Aug. 7, 1:56 p.m. EDT
Federal authorities released a statement countering former American International Group Chairman Maurice Greenberg's comments yesterday, which sought to diminish the import of accounting violation allegations against him.
Mr. Greenberg's statements followed the announcement that without admitting guilt, he had agreed to pay $15 million in fines and penalties to settle charges by the Securities and Exchange Commission that he engaged in improper accounting activity to inflate AIG's financial results between 2000 and 2005.
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