In his testimony in his civil fraud trial, Maurice Greenberg said he was unaware of certain repayment terms in a multimillion-dollar reinsurance deal.
Maurice Greenberg, once head of American International Group, and the insurer’s former financial chief face civil charges over transactions in 2000-1.
Mr. Greenberg and Howard I. Smith go to court in 11-year-old case that charges they orchestrated sham transactions designed to bolster A.I.G.’s financial statements.
The former Fed chief testified for a second day in the trial in which Maurice Greenberg, A.I.G.’s former chief, is suing the government, claiming the terms of A.I.G.’s bailout were too onerous.
In his second day on the stand, Maurice R. Greenberg, 91, had several heated exchanges with the New York State trial attorney questioning him.