Documents in AIG probe allegedly doctored

[JURIST] The New York Times reported Friday that documents for a transaction at the center of a wide-ranging probe into American International Group Inc. [official website] were doctored two months after the deal was made. The deal was reportedly "repapered" by mid-level employees of General Re [official website], a unit of Berkshire Hathaway [official website]. Lawyers for Berkshire Hathaway discovered the modification while conducting an unrelated audit of General Re. The Securities and Exchange Commission [official website] along with New York Attorney General Eliot Spitzer [official website] are investigating the transaction to determine if AIG improperly made the deal to burnish its books. Former AIG chief executive Maurice Greenberg [Wikipedia profile] is scheduled to meet with regulators Tuesday and Berkshire Hathaway head Warren E. Buffett [Wikipedia profile], not a target of the probe, is serving as a "cooperating witness" to regulators. AP has more.

 

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