Report: Justice Department Won't File Criminal Charges in AIG Case

Report: Justice Department Won't File Criminal Charges in AIG Case

www.foxnews.com

The decision appears to bring an end to the criminal investigation of AIG, but a Securities and Exchange Commission probe into AIG and the dealings of its London-based Financial Products subsidiary is continuing and could lead to a civil securities fraud case.

(visit the link for the full news article)

The decision appears to bring an end to the criminal investigation of AIG, but a Securities and Exchange Commission probe into AIG and the dealings of its London-based Financial Products subsidiary is continuing and could lead to a civil securities fraud case.

Lawyers representing Joseph Cassano, who formerly ran AIG's Financial Products unit, and Andrew Forster, who worked for Cassano, said they were told by federal prosecutors late Friday that no criminal charges would be filed.

A person familiar with the government's criminal investigation of AIG confirmed that charges wouldn't be brought. The person was not authorized to speak publicly on the matter and spoke on condition of anonymity.

The Justice Department declined comment Saturday.

I had predicted such an action would come out of this administration who employs ex employees of AIG.

This administration is the most corrupt administration to date. AIG admitted to the fraud and yet still the DOJ drops its investigation into the matter.

Oh yea that financial bill that just cleared the Senate floor, its a Job Killer and its made to benefit companies like AIG.



www.foxnews.com
(visit the link for the full news article)

[edit on 22-5-2010 by prionace glauca]

It's good to be politically connected so they can all protect thier ass-sets, the ones stolen from us that is...

Sigh!

[edit on 22-5-2010 by hawkiye]

Originally posted by hawkiye
It's good to be politically connected so they can all protect thier ass-sets, the ones stolen from us that is...

Sigh!

[edit on 22-5-2010 by hawkiye]

And a note should be sent to those SEIU members escorted by D.C. Police. They are barking at the wrong house, they need to go to the White House. Oh wait, they are on the White House Payroll also.

reply to post by prionace glauca

Starred and flagged!

This administration is the most corrupt administration to date. AIG admitted to the fraud and yet still the DOJ drops its investigation into the matter. Oh yea that financial bill that just cleared the Senate floor, its a Job Killer and its made to benefit companies like AIG.

You, my friend, are right on target. Obama has proven that he is in bed with the same corporations that he swore he would prosecute.
Of course, I call it treason, but within one minute, I'm sure that the "friends of Obama" will be on your thread to lambaste us.

Obama has proven a massive disappointment just about any way you cut it.

However, the problems facing the nation are so much larger than whoever happens to be president. This has basically been true since FDR or so...maybe Wilson. The president is not superman and he cannot wave magic wands and stop massive, systemic corruption. This was true for Bush and it is true for Obama and it will be true for whatever figurehead sits in the whitehouse next.

The problems are rooted in complex systemic relationships between large organizations, both public and private. It's human nature to try to put a "face" on the issues by blaming a single individual but unfortunately reality is more complex.

Of course their not going to file charges against AIG, nor is ICE going to deport illegals. What are we paying these losers for?

gah it is a sad, sad, sad world we live in! If you or I did it we sure as hell would be put in jail for a long time. This is some utter BS. TPTB can suck it!

You guys are so funny.

AIG has been stomped by the Obama administration from the moment they moved into the Whitehouse. The same people saying they're in bed together are the ones that were saying Obama was 'socializing' the banks and finance companies because of the AIG bonus restrictions and clawbacks.

FACT: The Obama administration has gotten back most of the money given to the Banks by the Bush administration. They also took huge warrants against AIG to guarantee the money the Bush administration gave them without any conditions. The bonuses and perks have all been cut to the bone and they've launched criminal probes into AIG. If they can't find enough evidence to prosecute these guys, it's not for lack of trying. And the funniest part is that every one of you would be screaming that it was a 'political ploy' if they actually did prosecute them.

reply to post by silent thunder


Well I didn't vote for him, it was a given that he was going to bring more corruption to the White House than any of his predecessors.

He had ties to entities that were known for criminality and anti-America thinking. This guy in his mind never wanted to help the citizens come unite together but to separate them as much as he could so he & his cronnies can benefit from pandering to the two sides.

His D**k Sucking lip service to wall street was so hyped every time on MSM and the Financial Bill he touted so much about. That same financial bill is going to choke the Small Businesses and the loans they used to receive. His HCR bill alone was going to kill off many small businesses, this new Financial Reform bill will finish the job.

Hey, but guess what his AIG partners will still get to enjoy the High Life. Though they won't be visiting Las Vegas any time soon. And those SEIU robots, will still end up going to the bankers houses even though those very same bankers are the ones lining their union bosses with the greens.

[edit on 23-5-2010 by prionace glauca]

Nice Try Probe, er ah AIG Probe!

Those are your misinformation facts.

Not the real facts!

Move along now, nothing to see here.