AIG fraud reminder

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Now that AIG is robbing the taxpayer again for amounts that exceed most government programs, it is well to remind ourselves of this company’s frauds. See here.

There are new possible frauds being investigated. The Serious Fraud Office in London has started an investigation. See here.

I have alluded to more serious AIG frauds in the past because of data shown me by a forensic accountant relating to the accounting between the parent company and AIG’s subsidiaries. I believe that in the end, it will be found that the AIG company is thoroughly fraudulent. The U.S. taxpayer is picking up the enormous tab. This company should have been let go bankrupt from the outset.

11:03 am on March 3, 2009