- The Washington Times - Monday, March 16, 2009

ALBANY, N.Y. (AP) - New York Attorney General Andrew Cuomo says American International Group missed his deadline for providing details about employees set to receive millions of dollars in bonuses and he’s issuing subpoenas for the information.

Cuomo says his office will investigate whether the employees were involved in the insurance giant’s near-collapse and whether the $165 million in bonus payments are fraudulent under state law. AIG reported this month that it lost $61.7 billion in the fourth quarter of last year, the largest corporate loss in history.

Cuomo had set a 4 p.m. Monday deadline for the company to provide the employees’ names along with information about their work and contracts.

Cuomo also says his staff were told AIG mailed the bonus checks Friday.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide