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Feb 9, 2006 · The Commission’s complaint, filed today in federal court in Manhattan, alleges that AIG’s reinsurance transactions with General Re Corporation (Gen Re) were designed to inflate falsely AIG’s loss reserves by $500 million in order to quell analyst criticism that AIG’s reserves had been declining.
- American International Group, Inc.
The Securities and Exchange Commission announced today the...
- American International Group, Inc.
Dec 31, 2022 · The epicenter of the crisis was at an office in London, where a division of the company called AIG Financial Products (AIGFP) nearly caused the downfall of a pillar of American capitalism.
Jun 16, 2008 · May 31, 2005 – AIG says it has overstated its net income by $3.9bn over the last five years. The group has been carrying out an internal review after scrutiny from US regulators
Apr 20, 2005 · When accounting problems at American International Group surfaced last winter, it looked like a small matter next to the corporation-busting scandals of the Enron era. But AIG directors acted as if the company's very survival was at stake, removing Maurice Greenberg as CEO and later forcing him to step down as chairman.
Jan 27, 2009 · WASHINGTON – The former vice president of reinsurance of American International Group Inc. (AIG), was sentenced today to four years in prison for his role in a fraudulent scheme to manipulate AIG’s financial statements, the Department of Justice announced.
Feb 9, 2006 · The Securities and Exchange Commission announced today the filing and settlement of charges that American International Group, Inc. (AIG) committed securities fraud. The settlement is part of a global resolution of federal and state actions under which AIG will pay in excess of $1.6 billion to resolve claims related to improper accounting, bid ...
Apr 7, 2010 · Additionally, AIG and Weil Gotshal argue that in December 2005, AIGFP stopped writing new credit default swaps on multisector CDOs that included subprime mortgages, because of “concerns over ...
