Spitzer not pursuing charges against former AIG chairman

[JURIST] The office of New York Attorney General Eliot Spitzer [official website; JURIST news archive] announced Friday that it does not expect to pursue state criminal charges against Maurice "Hank" Greenberg [Wikipedia profile], former AIG [corporate website] chairman and CEO. Spitzer originally filed suit [JURIST report] against AIG, Greenberg and its former CFO in May, alleging that the defendants engaged in fraudulent transactions to prop up the price of AIG stock, mischaracterized income and repeatedly lied to state insurance inspectors. Spitzer spokesman Darren Dopp said the office plans to pursue the case against Greenberg as a civil matter, and the civil complaint may be amended to include additional charges. Greenberg may also face criminal charges from federal prosecutors in two separate investigations. AP has more.

 

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