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FBI, SEC, and British Serious Fraud Office Investigate AIG's Six-Year Saga Of FraudQuicklink Submitted By Amanda Lang No comments
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| The FBI, SEC, and the British Serious Fraud Office are investigating the AIG Financial Products Group for hiding its losses on investments related to derivatives known as credit default swaps. The group was headed by Joseph Cassano, the Brooklyn-born son of a cop, until he stepped down in February. It sustained a loss of more than $11 billion in the fourth quarter of 2008... |
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OpedNews volunteer from 2005 to 2013.
Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.
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