AIG Settles Big-Rigging, Reporting Probe For $13.5M
Under the terms of a settlement agreement announced Monday, AIG will pay a $6.6 million penalty and reimburse the department for costs incurred during an investigation that also delved into alleged bid-rigging and commission practices of AIG’s Pennsylvania-based subsidiaries. In agreeing the settlement, AIG neither admitted nor denied any wrongdoing.
“Financial reporting must be accurate for...
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