Another AIG Resort “Junket”: Top Execs Caught on Tape

Another AIG Resort “Junket”: Top Execs Caught on Tape

Even as the company was pleading the federal government for another $40 billion dollars in loans, AIG sent top executives to a secret gathering at a luxury resort in Phoenix last week.
Brian Ross investigates the insurance giant’s “seminar” at a posh resort.

Reporters for abc15.com (KNXV) caught the AIG executives on hidden cameras poolside and leaving the spa at the Pointe Hilton Squaw Peak Resort, despite apparent efforts by the company to disguise its involvement.

“AIG made significant efforts to disguise the conference, making sure there were no AIG logos or signs anywhere on the property,” KNXV reported.

A hotel employee told KNXV reporter Josh Bernstein, “We can’t even say the word [AIG].”

A company spokesperson, Nick Ashooh, confirmed AIG instructed the hotel to make sure there were no AIG signs or mention of the company by staff.

“We’re trying to avoid confrontation, keep our profile low,” said Ashooh. “Some of our employees have been harassed.”

Similar criticisms were levelled at the company in October when it was revealed to have spent $440,000 on a “luxury retreat” for its executives days after receiving an emergency bailout package.

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