U.S. investigating financial officer of AIG

U.S. investigating former head of the division of financial products (Financial Products) of AIG (American International Group), Joseph Cassano and other members of management for securities fraud, announced today a source familiar with the case, said.

It is likely this month in New York be convened jurors who decide whether the matter be referred to court.
They will discuss potential accusations that leaders were not disclosed the value of toxic assets to shareholders outside accountants and insurance company, the source noted.
„To investigate and when anyone actually knew about these assets,“ stated the source, speaking on condition of anonymity.

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Finance