{"id":9228,"date":"2008-11-26T00:00:00","date_gmt":"2008-11-26T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"ex-aig-exec-under-probe-by-us-prosecutors-report","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2008\/ex-aig-exec-under-probe-by-us-prosecutors-report.html","title":{"rendered":"Ex-AIG exec under probe by U.S. prosecutors: report"},"content":{"rendered":"<p>Reuters &#8211; Former American International Group Inc executive Joseph Cassano is under investigation by U.S. prosecutors for possibly misleading auditors and investors about subprime mortgage-related losses, according to a Bloomberg report citing people familiar with the probe.<\/p>\n<p>The report said investigators are asking auditors at <span class=\"yshortcuts\">PricewaterhouseCoopers<\/span> about memos they wrote last fall on how Cassano and other AIG executives valued contracts protecting $62 billion in <span class=\"yshortcuts\">mortgage-backed securities<\/span>.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/us.rd.yahoo.com\/dailynews\/rss\/business\/*http:\/\/news.yahoo.com\/s\/nm\/20081126\/bs_nm\/us_aig\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Former American International Group Inc executive Joseph Cassano is under investigation by U.S. prosecutors for possibly misleading auditors and investors about subprime mortgage-related losses, according to a Bloomberg report citing people familiar with the probe. The report said [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1879,615,1049,1881,117,119,83,612,3906,3844,904,236,547],"class_list":["post-9228","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-asset-management-group","tag-cash-management","tag-chief-financial-officer","tag-international-group-inc","tag-investment-arm","tag-jargon","tag-medallion","tag-mortgage-fund","tag-quarter-earnings-release","tag-student-housing","tag-subprime-mortgage-market","tag-trillion","tag-wb"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9228"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9228\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}