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AIG Target of Federal Grand Jury Investigation

October 21, 2004

American International Group Inc. (AIG) announced on Thursday it has been informed by the United States Attorney for the Southern District of Indiana that it is a target of a federal grand jury investigation.

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According to the U.S. Attorney, "the investigation concerns 'non-traditional insurance' or 'income smoothing' products marketed by AIG that were directed at creating agreements with businesses that would appear to be insurance and accounted for as insurance, but did not involve any actual risk transfer.

More specifically, the investigation is directed at a contract between AIG and Brightpoint Inc." that was previously investigated by the Securities and Exchange Commission (SEC).

AIG resolved the SEC's investigation into the matter by a settlement that was announced on Sept. 11, 2003.

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Subject Posted By Posted On
AIG MUST BE DESTROYED
Dec 26, 2006, 4:15 am
RE: All Investigated Group Joseph
Jul 25, 2005, 4:25 pm
RE: AIG target of Fed Aquagecko
Oct 26, 2004, 10:34 am
RE: All Investigated Group To scared of AIG to say
Oct 25, 2004, 8:35 pm
AIG target of fed miss nosy
Oct 25, 2004, 5:59 pm
RE: RE: All Investigated Group Renee
Oct 25, 2004, 5:24 pm
RE: All Investigated Group Joseph
Oct 25, 2004, 9:40 am
RE: All Investigated Group Gerry
Oct 22, 2004, 9:17 am
RE: All Investigated Group F M KELLER
Oct 21, 2004, 1:56 pm
aig terry
Oct 21, 2004, 1:33 pm
All Investigated Group And the hits just keep coming
Oct 21, 2004, 1:22 pm

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