WG Receiver Seeks $110M From AIG Unit, Tufts, Others

Law360, New York (August 11, 2010, 4:06 PM EDT) -- The receiver for WG Trading Investors LP has initiated proceedings against several entities, including an American International Group Inc. subsidiary and Tufts University, seeking to retrieve nearly $110 million in returns wrongly paid out as part of a massive fraud scheme orchestrated by WG's executives.

Robb Evans & Associates LLC, the court-appointed receiver in both the U.S. Securities and Exchange Commission and U.S. Commodity Futures Trading Commission's actions against WG and its executives, filed the complaint Tuesday in the U.S. District Court for the Southern District...
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