'AIG effect' resort taken over by lender The St. Regis Monarch Beach resort in Dana Point, Calif.—a property made infamous last year when AIG executives held a high-end incentive event there just days after taking a huge federal bailout—was seized Monday by lender Citigroup after the company concluded there were no serious buyers for the property, the Los Angeles Times reports. The resort—hammered by a falloff in corporate travel and bad PR—will continue to operate …

No suspects named in Florida meeting exec's murder Police are still investigating the murder last week of meeting industry veteran Ben Novack Jr., according to our sister publication Corporate Meetings & Incentives. Novack was beaten to death in his hotel room in Rye Brook, N.Y., on July 12. Novack, who operated Convention Concepts Unlimited of Fort Lauderdale, Fla., was staying at the Hilton Rye Town where he had organized a convention for Amway Global International. Click here for more …

Here's one meeting to pass up Concerned about a planned rendezvous of hundreds of members of the notorious Mongols biker gang, city officials in Lancaster, Calif., fenced off the Desert Inn motel over the weekend, according to the Associated Press. Dozens of Mongol members were indicted last year on drug trafficking, murder and other charges.