Prosecutors Targeting AIG's Cassano: Report

Law360, New York (September 11, 2009, 2:28 PM EDT) -- Federal prosecutors are reportedly readying to impanel a grand jury to consider whether to indict the former head of the financial products unit at American International Group Inc. for securities fraud.

A probe under way at the U.S. Department of Justice and the U.S. Securities and Exchange Commission into AIG's troubles has been investigating whether Joseph Cassano, the former head of the financial products unit at AIG, committed securities fraud. Prosecutors are now on the brink of taking the matter to a grand jury, the Wall...
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