Friday, August 7, 2009

Former AIG CEO Greenberg to Pay $15 Million To SEC

Former AIG CEO Hank Greenberg has agreed to pay the SEC $15 million to settle past accounting issues, according to the Wall Street Journal.

Also, former AIG CFO Howard Smith will reportedly pay $1.5 million to the SEC in the settlement.

An official announcement by the SEC on the settlement is expected late on Thursday.

No comments: