Such a fraudulent transfer of shares should be set aside as soon as possible; otherwise it will encourage financial crooks to take advantage of it in future.
Let’s hope this litigation is successful. This Greenberg transaction was so off the wall, especially after those walls were beginning to crumble, prior to this stock transfer. The stock transfer doesn’t pass the smell test.
Here are two lessons from this mess: (1) Other crooked execs should not wait to transfer and protect their spoils and (2) agents/brokers may want to evaluate their liability to clients as the results of these crooks actions which could spill over into E&O claims, the way our courts are acting. I’d like to see all the overpaid crooked execs prosecuted.
Why are they paid so much? Because they should KNOW what’s going on in their corporations and be fully responsible!
I sincerely hope he is crucified for his actions – as an example to the other “execs” who have bled the insurance system dry and to fund their ‘cavalier’ lifestyle. Think of this – $2BILLION in stock – this is not chump change! He has damaged the reputation of every insurance agent with his greed and avarice. He knew exactly what he was doing, stealing! HE should pay for it!
Such a fraudulent transfer of shares should be set aside as soon as possible; otherwise it will encourage financial crooks to take advantage of it in future.
Let’s hope this litigation is successful. This Greenberg transaction was so off the wall, especially after those walls were beginning to crumble, prior to this stock transfer. The stock transfer doesn’t pass the smell test.
For the integrity of our industry, I certainly hope Mr. Greenberg crashes and burns in the court of law.
I am not a Spitzer fan, but he might very well have this correct in his suit in New York state.
Also, good for the Ohio AG for taking the initiative to block the transfer of stock.
Now that the civil actions are being filed.
Now lets get the Criminal Charges rolling against “Hank”.
If this was anyone else…The charges would
have already been filed!
Here are two lessons from this mess: (1) Other crooked execs should not wait to transfer and protect their spoils and (2) agents/brokers may want to evaluate their liability to clients as the results of these crooks actions which could spill over into E&O claims, the way our courts are acting. I’d like to see all the overpaid crooked execs prosecuted.
Why are they paid so much? Because they should KNOW what’s going on in their corporations and be fully responsible!
I sincerely hope he is crucified for his actions – as an example to the other “execs” who have bled the insurance system dry and to fund their ‘cavalier’ lifestyle. Think of this – $2BILLION in stock – this is not chump change! He has damaged the reputation of every insurance agent with his greed and avarice. He knew exactly what he was doing, stealing! HE should pay for it!