I’ve noted several times that some of AIG Financial Products’ practices were not just deceptive and reckless but seem to meet traditional definitions of fraud. But it seems there’s a track record too. Back in 2004 the DOJ criminally charged Joe Cassano’s unit with helping another firm hide assets from its books. As part of the settlement they had to pay an $80 million fine.
Best Practices
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March 17, 2009 3:46 p.m.
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