American International Group executives may have misled shareholders about problems in its Financial Products division, according to the Wall Street Journal
Top American International Group (AIG) executives knew about problems with the Financial Products division long before the Group’s stock began to plummet, claimed the Wall Street Journal in a story on its website.
The problems were in the area of valuing credit default swaps (CDS).
A congressional probe is investigating how honest AIG executives were with investors and whether they misled outside auditors.
