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Greenberg, Hank aig

He and his two son's control the largest amount of insurance in the US.

pj scott:

Chapter 7 of American War Machine is perhaps the most interesting, as it describes the global drug connection and its ties to a "shadow CIA," which has functioned as a tool for international overworld interests including those referred to as the Safari Club. OPC officer Paul Helliwell figures prominently in this chapter, in part for his role in creating the CIA-related Castle Bank, which laundered money and helped finance off-the-books operations, and for his ties to organized crime. Castle Bank's connections to the overworld are discussed as are its links to agent C.V. Starr, whose insurance empire evolved into the company we know as AIG. This chapter also introduces Adnan Khashoggi, who appears throughout the deep history of US foreign policy and played a major role in the activities of Castle Bank's successor, the Bank of Credit and Commercial International (BCCI).

2010 Complaint

In September, 2010, two national watchdog groups, U.S. Chamber Watch and StopTheChamber.com, filed complaints with the U.S. Internal Revenue Service asking the agency to investigate the U.S. Chamber of Commerce for criminal fraud and money laundering. The groups allege that the Chamber illegally funneled donations from a wealthy charitable foundation into its political battles. Chamber Watch said that $12 million of an $18 million donation that the wealthy Starr Foundationgave (pdf) gave to the National Chamber Foundation was in the form of loans that have never been repaid. Chamber Watch says the money was diverted to finance political causes, including **tort reform**, to shield companies like AIG from liability lawsuits. The Starr Foundation was founded by Cornelius Vander Starr, the insurance entrepreneur who also founded AIG. The Foundation's Chairman of the Board of Directors is **Maurice R. Greenberg**, former President and CEO of AIG. The Foundation's Director (and Treasurer) is Howard I. Smith, AIG's former Chief Financial Officer. StopTheChamber.com says it was contacted by a Chamber whistleblower who described (pdf) how Chamber CEO Tom Donohue is "scamming [business] clients to serve his own interests rather than the interests of the business community." The insider compared Donohue to Jack Abramoff and Bernie Madoff. He also alleged that Donohue does not fear the Federal Elections Commission or Congress, and has a plan set up to attack the U.S. Department of Justice if the agency ever tries to investigate him.[6]

Maurice R. Greenberg

**Maurice R. "Hank" Greenberg**, "ranked 132 in the world and **59th in the US with assets of $3.1 billion,**" was forced out as Chairman of top insurance company American International Group (AIG)" after the company"admitted to $1.7 billion in improper accounting." In Spring 2005, "two of Greenberg's sons, both executives in the insurance business, have also been tarnished by scandal." [1]

Contents

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Bush Connection

"Greenberg is well-known in Washington where he known for raising large amounts of money. Greenberg was one of the President Bush's 'Rangers' which means he personally raked in more than $200,000 for the reelection campaign. At the same time, he is also known for his access to members of the cabinet and Congress. This access has paid-off as the administration has often supported Greenberg on a number of issues ranging from access to China to terrorism insurance,"Ron Scherer reported in the April 1, 2005, Christian Science Monitor.

Affiliations

Resources and articles

Related Sourcewatch

References

  1. ↑ Ron Scherer A top insurance company as the new Enron?, Christian Science Monitor, April 1, 2005
  2. ↑ Overview, National Coalition on Asia and International Education in the Schools, accessed December 24, 2007.
  3. ↑ Trustees, Rockefeller University, accessed December 28, 2007.
  4. ↑ Trustees, New York University, accessed June 16, 2010.
  5. ↑ Advisory Boards, International Economic Alliance, accessed January 15, 2008.
  6. ↑ Trustees, Museum of Modern Art, accessed September 16, 2009.

"AIG Two"

The New York Times reported in October 2009 that Greenberg "has been quietly building up a family of insurance companies that could compete with A.I.G. To fill the ranks of his venture, C.V. Starr & Company, he has been hiring some people he once employed."[1] "'Basically, he’s just starting "A.I.G. Two" and raiding people out of "A.I.G. One," ' said Douglas A. Love, an insurance executive who has also hired A.I.G. talent for his company, Investors Guaranty Fund of Pembroke, Bermuda."[1]

The Times reported speculation that "Greenberg's success may be at the expense of taxpayers. People who work in the industry say that if he is already luring A.I.G.'s people, he may soon be siphoning off its business and, therefore, its means to repay its debt to the government."[1]

Resources and articles

Related Sourcewatch

References

  1. ↑ 1.0 1.1 1.2 Mary Williams Walsh, "Ex-A.I.G. Chief Is Back, Luring Talent From Rescued Firm," New York Times, October 27, 2009, at A1.

External links

Maurice Raymond "Hank" Greenberg (born May 4, 1925) is an American business executive and former chairman and CEO of American International Group (AIG), which was the world's 18th largest public company and its largest insurance and financial services corporation.

He is currently chairman and CEO of C.V. Starr & Co., Inc. (C.V. Starr), a diversified financial services firm that is named for the founder of AIG, Cornelius Vander Starr. He joined C.V. Starr as Vice President in 1960 and was given the additional responsibilities of President of American Home Assurance Company in 1962. He was elected Director of C.V. Starr in 1965, Chairman and Chief Executive officer in 1968 and continues in that role. Greenberg is the Chairman of the Board of Directors and Managing Director of Starr International Company Inc., and Chairman and Chief Executive Officer of Starr International USA, Inc. (Starr International USA). C.V. Starr and Starr International USA are collectively known as Starr Companies.

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Early life

Maurice R. Greenberg is the son of Jewish candy store owner Jacob Greenberg. His father died when he was seven, and his mother, Ada Rheingold, married a dairy farmer. Greenberg served in the U. S. Army in Europe during World War II, participating in the Liberation of Dachau and in the Korean War, rising to the rank of Captain; he is a recipient of the Bronze Star. He received his Bachelor's Degree in pre-law from the University of Miami, where he was a member of Sigma Alpha Mu Fraternity, and his law degree from New York Law School in 1950. He was admitted to the New York Bar in 1953. He holdshonorary degrees from several colleges including Brown University, Middlebury College, New York Law School and TheRockefeller University.[citation needed]

Rise and fall at AIG

In 1962, Greenberg was named by AIG's founder, Cornelius Vander Starr, as the head of AIG's failing North American holdings. In 1968, Starr picked Greenberg as his successor. Greenberg held the position until 2005, when he stepped down amid a major leadership scandal and was replaced by Martin J. Sullivan. He was subsequently the subject of New York State civil charges which are still unresolved.[2]

In 2008, he appeared on ABC's "Good Morning America" criticizing the board of directors.[3] In an interview with Reactions magazine in March 2010, serialised over three parts, Greenberg stated that he did not condone AIG's strategy of selling non-core assets to pay back the US government, and believed the terms under which AIG was provided access to bail-out funds needed to be renegotiated.[4]

Greenberg was both a social friend and client of Henry Kissinger, utilising his consultancy, Kissinger Associates, for advice and operations in a number of countries, particularly in Asia. In 1987 he appointed Kissinger as chairman of AIG's International Advisory Board.[5]

He married Corinne Phyllis Zuckerman in 1950 and they have four children:

Together, he and his sons controlled a major portion of the insurance industry.

Other public positions

Greenberg is Honorary Vice Chairman and Director of the Council on Foreign Relations and a member of David Rockefeller's Trilateral Commission. In the 1980s, his extensive foreign connections prompted the Reagan administration to offer him a job as Deputy Director of the CIA, which he declined.

In 1990, Greenberg was appointed by Zhu Rongji, then Mayor of Shanghai, to be the first Chairman of the International Business Leaders’ Advisory Council for the Mayor of Shanghai. In 1994, Greenberg was appointed Senior Economic Advisor to the Beijing Municipal Government. He was awarded “Honorary Citizen of Shanghai” in 1997. He is a Member of the Advisory Board of the Tsinghua School of Economics and Management, a Member of the International Advisory Council of the China Development Research Foundation and China Development Bank.

He was appointed as a member of the Hong Kong Chief Executive's Council of International Advisers where he served from 1998 to 2005.[7]

He was awarded "CEO of the Year 2003" by Chief Executive Magazine.[8]

He is a former Chairman and currently a Trustee of the Asia Society, Trustee Emeritus of the Rockefeller University, and is an honorary Trustee of theMuseum of Modern Art, all three institutions founded by the Rockefeller family.

He is also a former Chairman and current member of the US–Korea Business Council, a member of the US–China Business Council, and the Business Council. He has served on the Board of Directors of the New York Stock Exchange, the President’s Advisory Committee for Trade Policy and Negotiations, and the Business Roundtable. He is a past Chairman, Deputy Chairman and Director of the Federal Reserve Bank of New York. He is Vice-Chairman of the Board of Directors of the National Committee on United States – China Relations.

Greenberg is Chairman Emeritus of New York-Presbyterian Hospital and the New York-Presbyterian Hospital Foundation, Inc. He serves as a member of the Board of Overseers of the Weill Cornell Medical College of Cornell University, Life Trustee of New York University, Trustee for the School of Risk Management, Insurance, and Actuarial Science and is Chairman of the Academic Medicine Development Company (AMDeC). Greenberg also serves as a member of the President’s Council on International Activities of Yale University.

He is on the Board of Directors of the International Rescue Committee and is active in a number of other civic and charitable organizations. He was a former Trustee of the American Museum of Natural History.

As Chairman of The Starr Foundation, Greenberg oversees the disbursement of major financial support to academic, medical, cultural, and public policy institutions.

The Maurice "Hank" Greenberg Scholarship, administered in his name by the US-China Education Trust, supports the studies at 10 Chinese students from low-income families each year at Yunnan University.[9]

Interaction with Mahmoud Ahmadinejad

This section contains information of unclear or questionable importance or relevance to the article's subject matter. Please help improve this article by clarifying or removing superfluous information. (January 2013)

On September 20, 2006, the Council on Foreign Relations hosted a small meeting of select council members with Iranian President Mahmoud Ahmadinejad. While giving his speech, President Ahmadinejad expressed doubt that the holocaust had occurred. Greenberg responded: "Listen, I went through Dachau during the war. To suggest it didn't occur is simply a lie." President Ahmadinejad responded by asking if Greenberg was old enough to have participated in the liberation of Dachau.[10]

Legal issues

On March 15, 2005, AIG's board forced Greenberg to resign from his post as Chairman and CEO under the shadow of criticism from Eliot Spitzer, attorney general of the state of**New** York. On May 26, 2005, as part of a series of actions against the alleged criminal activities of large corporations, Spitzer filed a complaint against Greenberg, AIG, and Howard I. Smith (ex-CFO of AIG) alleging fraudulent business practice, securities fraud, common law fraud, and other violations of insurance and securities laws.[citation needed]

After a subsequent investigation, however, all criminal charges were dropped, and Greenberg was not held responsible for any crimes. The State Attorney General's office however is still pursuing Greenberg in civil court for many of these same criminal allegations. Greenberg settled on a $15 million fine for the accusations of fraudulent AIG financial positions.[citation needed]

Spitzer did, however, bring civil charges against Greenberg, though he dropped two of the six initial charges in September 2006.[11] Greenberg's attorney claimed vindication with the dropping of the two charges, but Spitzer's office maintained that the four remaining charges are the core of the State's original charges.[citation needed]

In November 2012, aMiami court dismissed Greenberg's claims that the Federal Reserve Bank of New York broke the fiduciary rights of AIG shareholders during the bailout rescue. [12]

In late 2012, Greenberg's Starr International announced a lawsuit against the federal government. According to the New York Times, the lawsuit seeks $25 billion in damages against the government stemming from the government's financial bailout in 2008.[13]

Biography

Greenberg's career is chronicled in the 2006 book *Fallen Giant: The Amazing Story of Hank Greenberg and the History of AIG*.[14]

Further reading

Awards And Nominations

Double Helix Medal

References

Categories: 

HMMMMM

Maurice “Hank” Greenberg on 9/11 

Posted on April 20, 2010 by DoYouEverWonder 

GREENBERG---XCEO OF AIG----STOWE SKI LOGDGE BEST BE STILL OWNED BY 

AIG--NOT YOU OR ANY OF YOUR GREEDY RELATIVES/FRIENDS 

--AIG WAS BAILED OUT SEPTEMBER 16, 2008, BY LEO WANTA MONEY 

ALL ASSETS BELONGING TO AIG BELONG TO LEO WANTA---WHOM IS THE 80% OWNER OF AIG---THE US TREASURY/PAULSON/GEITHNER COMMITTED FRAUD ON 

LEO WANTA---BY COVERING UP WHOM THE 80% OWNER IS BY ASKING CONGRESS 

TO GIVE THEM TARP MONEY $700B APPROVED OCTOBER 7, 2008---IN NO WAY DID PAULSON/GEITHNER HAVE PERMISSION TO TAKE LEO WANTA OUT OF FIRST POSITION LOAN OF $85B AND RESTRUCTURE THE LOAN IN FAVOR OF GOLDMAN SACHS---ED LIDDY--XCEO OF GOLDMAN SACHS, WHO WAS, AT THE TIME, SETTING IN THE CHAIR OF "SECRETARY" THE U.S.TREASURY---WHO CONVERTED THE LOAN---FRAUDULENTLY..... 

DIRTY HANDS WILL FACE THEIR DUE JUDGMENT------GOD KNOWS ALL THOUGHTS; KNOWS THE WORKS OF YOUR HANDS-----YOU THIEVES ARE NOT GETTING OUT OF THIS FLESH BODY ALIVE! 

THANK YOU FATHER 

leowanta 

Maurice “Hank” Greenberg on 9/11 

Posted on April 20, 2010 by DoYouEverWonder 

Even though Larry Silverstein owned the WTC, it was Maurice Greenberg’s companies who held the mortgage, issued the insurance policy and provided security for the complex. But it gets even better. Maurice’s son Jeffrey was the head of Marsh & McLennan. The impact zone in WTC 1 was between the 94th & 97th floors. Marsh USA occupied all the floors between the 93rd and 99th floors. 

To discuss this thread – Go to Beyond Politics 

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Maurice 'Hank' Greenberg 

Maurice “Hank” Greenberg, once floated as a possible CIA Director in 1995, is the CEO of AIG insurance (->), manager of the third largest capital investment pool in the world. Maurice Raymond Greenberg (AIG,Kroll, CFR) was born in New York City May 4, 1925, the son of Jacob Greenberg and Ada (Rheingold) Greenberg. The young man adopted the nickname “Hank” to make people think of a popular American baseball player with the name, Hank Greenberg. Greenberg served in the U.S. Army in the Korea conflict. 

He joined the insurance firm, Continental Casualty Co., in 1952. Continental executive J. Milburn Smith recommended Greenberg to theC.V. Starr insurance/spy organization, which made Greenberg its vice president in 1960, its president and CEO in 1967, and its chairman, succeeding Starr, in 1969.Maurice Greenberg was deeply involved in chinese trade in the 80s, where Henry Kissinger (->) was one of his representatives.

In the China trade, Greenberg became very close to Shaul Eisenberg, the leader of the Asian section of the Israeli intelligence service Mossad, and agent for the sales of sophisticated military equipment to the Chinese military. From 1988 to 1995, Greenberg was a director of the New York Federal Reserve bank – this branch of the system is the main instrument through which Federal Reserve chiefs and the Bank of England traditionally execute their U.S. political-economic policy. 

Greenberg was deputy chairman of the New York Fed in 1992 and 1993[/color], and New York Fed chairman in 1994 and 1995. In 1993, Maurice Greenberg’s American International Group (AIG ->), became co-owner of the “private spy agency”,Kroll Associates[/color] (->), as a result of rescuing Kroll from bankruptcy with a cash infusion. Kroll was notorious during the 1980s as the “CIA of Wall Street” due to the prevalence of former CIA, FBI, Scotland Yard, British secret service and British Special Air Service men Kroll employed for corporate espionage in takeover bids, as well as for destabilization of foreign nations. During 1996, while Greenberg was deputy chairman of the Council on Foreign Relations (See Cfr), he chaired the CFR task force on intelligence, which published “Making Intelligence Smarter: The future of U.S. Intelligence.” This report mostly served to exhibit Greenberg’s access to the intelligence community; but he parlayed it into a nomination by Senator Arlen Specter and others, for Greenberg to be Director of the Cia.

Greenberg has used his connections to covert intelligence, supranational institutions, private bankers and speculators, and his huge global cash inflow, to shape a unique personal empire. [color=#80FFFF]Since 1997, Frank G. Wisner, Jr., has been a board member of Kroll , and is currently Greenberg’s Deputy Chairman for External Affairs. Wisner’s father was a founder of the U.S. Central Intelligence Agency[/color], who killed himself over the scandal from his being duped by British-Soviet masterspy Kim Philby. Frank Wisner, Jr., is a director of the George Bush-linked energy giant Enron (a client for whom AIG negotiated payments from Peru over nationalization of Enron operations). 

In the early 1990s, Miami-based private investigator Lou Polumbo joined Kroll Associates. According to sources in the industry, Polumbo brought with him a personal history of involvement with the Medallin and other South American narcotics cartels; his business included helping relocate some of the capabilities of these cartels out of Colombia. The deal to bring Polumbo into Kroll was worked out by Avram Shalom, the former head of Israel’s Shin Beth secret police. Shalom went to work for Kroll; he had been fired as Shin Beth boss due to a scandalous massacre of Palestinians in the Israel-occupied territories by his Shin Beth agents. 

Compare: AIG’s long connection to CIA drug trafficking and covert operations was mentioned in a two-part series of Copvcia.Com, that was interrupted just prior to the attacks of September 11. AIG’s stock has bounced back remarkably well since the attacks. Source:http://www.copvcia.com/stories/part_2.html 

Sept 11 Wiki 

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Maurice Greenberg 

Maurice R. “Hank” Greenberg, “ranked 132 in the world and 59th in the US with assets of $3.1 billion, was forced out as Chairman of top insurance company American International Group (AIG) after the company “admitted to $1.7 billion in improper accounting.” In Spring 2005, “two of Greenberg’s sons, both executives in the insurance business, have also been tarnished by scandal.” (1) 

He is also a member on the Council on Foreign Relations. His son Evan Greenberg is the CEO of ACE. [color=#80FFFF]His son Jeffrey Greenberg is CEO of Marsh[/color] and Alan Greenberg is CEO of Bear Stearns.A family that preys together, stays together. 

Greenberg is well-known in Washington where he known for raising large amounts of money. Greenberg was one of the President George W. Bush’s ‘Rangers’ which means he personally raked in more than $200,000 for the reelection campaign. At the same time, he is also known for his access to members of the cabinet and Congress. This access has paid-off as the administration has often supported Greenberg on a number of issues ranging from access to China to terrorism insurance (1) 

Affiliations 

* Chairman, Nixon Center (2) 

“Greenberg and AIG have further expanded their reach through the use of the $5 billion Starr Foundation, named after the founder of the company Cornelius Vander Starr. It supports influential groups such as the Council on Foreign Relations and the National Chamber Foundation, associated with the US Chamber of Commerce,” (1)

Sources 

1. Christian Science Monitor 

2. Source Watch 

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Partners in Fraud: The Bush and Greenberg Families 

by Al Martin 

They are partners in fraud. The Bush Family which runs the USA and the Greenberg Family which runs the insurance cartel composed of AIG, Marsh McLennan and Ace Insurance have a lot more in common than mainstream media will ever tell you, writes government whistleblower Al Martin, author of “The Conspirators: Secrets of an Iran Contra Insider.” 

In his column “Secrets of the Insurance (Fraud)Industry: The Bush-Greenberg Connection” published on Al Martin Raw (http://www.almartinraw.com ), Martin writes that “New York State Attorney Eliot Spitzer is investigating systemic fraud in the insurance industry in which Greenberg Family controlled insurance cartel companies like Marsh McLennan, AIG and Ace Insurance get kickbacks for steering corporate clients their way. Three employees of Marsh McLennan have already pled guilty to insurance fraud. Now, in this exclusive report on AlMartinRaw.com, you will learn about the insurance fraud connection between the Bush and Greenberg families which Spitzer is NOT investigating. 

(…) 

“In the 1980′s, the Colombian Greenbergs began to expand their commercial real estate business into south Florida and the southeastern part of the United States in general. You would see that in all of the office buildings they bought, including my own, the building wherein I maintained my office, that AIG was the insurer of all of the properties that they own because, obviously, they received a preferred rate from their American Greenberg cousins,” Martin explains. 

(…) 

The connection between the Bushes and the Greenbergs is deep, Martin writes. “The Bush family is intimately connected with all of the companies that the Greenberg family, both the American and Colombian branches, run. You will note that Maurice “Hank” Greenberg, is the chairman of AIG, and his cousin is Alan “Ace” Greenberg, the former chairman of Bear Stearns.

“Bear Stearns, of course, is where the Bush family, the Cheney family, George Schultz, James Baker, etc. all do business. It is the leading brokerage firm of the great and all powerful Bushonian Cabal. 

(…) 

In another footnote to history, Martin writes that “it’s interesting to note that the CIA in its operations in northern South America, Venezuela and Colombia in particular, always did their agency banking through Greenberg-owned banks. This connection really goes back to the time that George Bush Sr. was head of the CIA”

Bradblog 

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Blackstone Group & 7 World Trade Center 

New York, NY October 17, 2000: Blackstone Real Estate Advisors, the global real estate investment and management arm of The Blackstone Group, L.P., announced today that it has purchased, from Teachers Insurance and Annuity Association, the participating mortgage secured by 7 World Trade Center, a commercial office complex controlled by real estate developer Larry Silverstein. (1) 

But before the building can rise further than the substation, major financing issues have to be resolved by Larry Silverstein, who controls the long-term lease on 7 World Trade Center as well as the World Trade Center complex. The good news for Mr. Silverstein is that the company that insured 7 World Trade, Industrial Risk Insurers, has indicated that it will make a full payment under its $861 million policy. But it’s not clear whether Mr. Silverstein can use those proceeds to start building without first reaching an agreement with the mortgage holder on 7 World Trade Center, Blackstone Real Estate Advisors. (2) 

Kissinger McLarty Associates has a “strategic alliance” with the Blackstone Group. The Blackstone Group describes their relationship thus: 

Blackstone’s alliance with Kissinger McLarty Associates is designed to help provide financial advisory services to corporations seeking high-level strategic advice. The relationship was announced in 2000 and recently completed its first strategic advisory assignment on behalf of a NYSE-listed company.(3) 

Infact the alliance also incorporates Maurice Greenberg’s American International Group, as per this press release on February 21st 2000: 

American International Group, Inc. (AIG), The Blackstone Group L. P. and Kissinger Associates Inc. announced the establishment of a new venture to provide financial advisory services to corporations seeking high-level independent strategic advice. The venture will operate globally and will take advantage of the existing relationships between the partners: 

AIG has an ownership interest in Blackstone and is an investor in several of Blackstone’s private equity funds; 

- AIG and Blackstone have a joint venture, specializing in restructuring and M&A advisory services in selected Asian countries; 

- Henry Kissinger chairs both AIG’s International Advisory Board and the advisory boards of several AIG-sponsored Infrastructure Funds.

The AIG-Blackstone-Kissinger Associates venture recently completed its first advisory assignment on behalf of a New York Stock Exchange listed U.S. company.” 

(note: “M&A” means “Mergers and Acquisitions”) 

Sources: 

1. Blackstone 

2. Wall Street Journal 

3. Blackstone 

And much more: 

Elite Watch 

Dr Debug’s Journal