Tuesday, April 28, 2009

 

Report: AIG investigation focusing on 3 employees

Report: Investigation into AIG's financial products unit focusing on 3 employees

Federal investigators are focusing their attention on three employees at American International Group Inc.'s financial products unit amid a probe into derivatives contracts that nearly destroyed the insurance giant, according to a report in The Wall Street Journal...

...The investigation is focused on possible ways the three executives might have misled AIG's auditors and investors about the value of derivatives products AIG sold, according to the report citing anonymous sources...

AP: Report: AIG investigation focusing on 3 employees

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