Convicted on all 9 counts of 11 billion dollar fraud. Could get 85 years and hopefully he does.
The look on his face leaving court was priceless.
The look on his face leaving court was priceless.
Nice to see Ebbers slammed
- Thread starter kosar
- Start date
I hope they take down the Greenberg Empire at AIG ( a world leader in the insurance industry), these guys were amazing in the crooked schemes they deployed. I was just reading that they devoloped a coverage to fool investors of companies by selling corporations policies that would allow them to over inflate their earnings each year to give the investing public no clue that they were not losing money. How it would work is that if a company had a down year financially they would collect from AIG before they released their report, they would then take the money from AIG and use it in their report to show no losses for the year, and in turn the investing public would continue to purchase shares of their stock. This is just one of many schemes used by the Greenberg family for corruption.
