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Former Chief of A.I.G. to Refuse to Answer Questions

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lostnfound Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-12-05 05:57 AM
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Former Chief of A.I.G. to Refuse to Answer Questions
http://www.nytimes.com/2005/04/12/business/12insure.html?th&emc=th

Maurice R. Greenberg, a former titan of the insurance industry who is at the center of a wide-ranging investigation into possible financial manipulation, will not answer regulators' questions today, his lawyer said yesterday.
...

His lawyers have said that they have not had adequate time to prepare their client and that regulators have denied requests to postpone his testimony.

Investigators' focus on Mr. Greenberg, the former chairman of the American International Group, the giant insurer, is intensifying. At the same time, their scrutiny of Warren E. Buffett, chairman of the holding company Berkshire Hathaway, appears to have diminished.
...
Indeed, legal specialists said they were surprised by comments on Sunday by Eliot Spitzer, the New York attorney general, that indicated that he had sufficient evidence to pursue a criminal case against Mr. Greenberg. The comments came even as it appeared that A.I.G., which is cooperating with the investigation, and regulators were on course toward a possible settlement on the investigation into whether it used a number of transactions to dress up its financial appearance.

There's a strange paragraph at the very end about how several targets of Mr. Spitzer's various investigations were recently all having breakfast at the Four Seasons (Sanford I. Weill of Citigroup, Kenneth Langone NYSE, and Greenberg) at the same time that Spitzer was there. Any guesses as to the point of that paragraph?
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