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January 6, 2015

WSJ Highlights Case of Federal “Prosecutorial Abuse”


The Wall Street Journal editorial board writes today that the federal government has, for years, “been hiding potentially exculpatory evidence involving former AIG CEO Hank Greenberg” which the feds won’t allow Greenberg to make public.

New York Attorney General Eric Schneiderman is pursuing civil action against Greenberg over an allegedly fraudulent reinsurance transaction between AIG and Gen Re. Schneiderman reportedly plans to use a deposition from a former Gen Re executive who “may well have testified falsely” (according to a U.S. Court of Appeals judge) in a separate case over the same transaction in which criminal convictions were vacated.

Attorneys for Greenberg have asked the federal government to “let them make this evidence public” to no avail. Calling this a case of “prosecutorial abuse”, the Journal editorial board writes the federal judge needs to “confront the government on its prosecutorial tactics.”

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