In the midst of the SEC and DOJ investigations into the largest corporate fraud in history and millions of investors who are just trying to put their money back into the economy, SEC is now accusing AIG of fraud and for a false claim on the $22 billion of customer funds that were never fully recovered. According to SEC, AIG never had the funds to pay the claims that it had made to the SEC in 2008.
The new SEC investigation will be released tonight, and the new report will be available in the spring. So if you have any questions about the SEC investigation, feel free to contact us at SEC@secc.st or check us out at www.secc.st.
SEC is also making public the names of a few of the many other people who have a vested interest in this case. Among them are Mark Cuban, Joe Kernen, and Dennis Kozlowski, who has invested some $1.75 billion in AIG.
You could also find out that this SEC website is not only the official source of financial information for the SEC, it’s also the source of all the money being spent on this case.
Yeah, that’s right. SEC investigators are making public the names of hundreds of people who have invested money in this case, among them Joe Kernen, Dennis Kozlowski, and Mark Cuban. I’ve been told that SEC investigators are also now looking into other cases, such as the $2 billion AIG fraud. They recently told the NY Times about their investigation into the AIG fraud.
The investigation into the AIG fraud, which was the subject of an SEC complaint, was closed in late January, after a $13 million settlement. However, a few months later the SEC opened a $10 million fraud investigation into AIG, and after a year and a half, the case is back in the news.
The SEC is currently investigating AIG, but a few months later they are looking into “other matters,” which doesn’t sound like it’s going to be as big a deal as the AIG investigation, and may be limited to very specific instances of fraud.
The SEC did tell the news media that it has been investigating AIG since 2014, but it stills hasnt announced its findings. The AIG fraud involved AIG and one of its affiliates, and was centered around a million dollar settlement. The SEC is also looking at possible fraud in the same matter, but it has yet to announce any findings.
The SEC has said that AIG was involved in a $2 million fraud from 2009 to 2010, and it has said that the fraud involved a $1 million settlement and that the agency has no findings. But this is the SEC’s second SEC investigation into the company. It previously investigated another AIG affiliate, and we also covered the AIG fraud a few years ago.