AIG Under Scrutiny by Justice Department
Are you an Employer?    Attract the Best Candidates with Smart Job Postings! Search Legal Resumes
Legal Jobs Board for Attorneys, Law Students & Legal Staff | Serving USA & Other Countries | LawCrossing

Need Help? Call (800) 973-1177 

Job Seeker Login   Employer Login 

Job Seekers?  Try it Now  

ATTORNEY JOBS
LAW STUDENT JOBS
LEGAL STAFF JOBS
Download LawCrossing Online Apps: Click here  
1,000,000 + Attorneys and Legal Staff - Legal employers hire more people on LawCrossing than any other site.
See Law Jobs We Have Recently Researched and Located for You
What Where
Show Recruiter Jobs  

Show Refreshed Jobs  



Search in Job Title Only
Job Type:
Employer Type:

+ Browse Legal Jobs     + Advanced Search     + Search Tips     + Upload Legal Resume
Legal Jobs >> Legal Articles >> Legal Daily News Feature >> AIG Under Scrutiny by Justice Department
  • Legal Daily News Feature

AIG Under Scrutiny by Justice Department


by      
Printable Version PDF Version Email to a Friend
Subscribe to LawCrossing  
 Share on Facebook
 Twitter

Like LawCrossing on Facebook


03/26/09

According to New York Attorney General Andrew Cuomo, 73 individuals received a bonus of one million or more. In addition, the top bonus recipient received more than $6.4 million, the top seven bonuses equated to $4 million, 22 employees were paid $2 million or more, and 11 recipients, who were no longer employed by AIG, received 'retention' bonuses of one million. These figures were released after Cuomo subpoenaed AIG as part of his office's investigation.

In a news brief, Attorney General Eric Holder revealed that, ''we're working with the Treasury Department to make them aware of what legal abilities they have. We have people in the Justice Department in various divisions who are trying to examine what tools the Treasury Department has in that regard.''

According to a statement issued on Tuesday by Treasury Secretary, Timothy Geithner, ''the Justice Department was looking at whether provisions of the recent economic stimulus bill could be used to recoup the money.''

Holder said that he intends to 'reinvigorate' enforcement against white-collar crime. He plans to accomplish this by hiring more prosecutors and FBI agents 'dedicated to investigating financial fraud.'

Holder maintains that ''the American people have a rightful expectation that this administration and this Justice Department will be examining this financial crisis to see whether or not a component of that has to do with illegal, inappropriate, fraudulent activity.''

Holder acknowledges that government and local agencies should work in conjunction and take a coordinated approach to the problem but he is undecided on whether to form a national financial fraud task force similar to the task force that investigated the wrongdoings of the energy trader, Enron.


Facebook comments:

"We want to hear your thoughts. Please comment on this article (below)!"

Comments


Comment not found for this article.

Comment Comment
Related Article
Bankruptcy Lawyers Face Off Justice Department over Fees Scrutiny

On Monday, in a rare show of resistance over a rarer meeting over scrutiny of fees, bankruptcy lawyers told officials of the Justice Department that they do not want to keep a budget, do not want to justify expenses under $500 and do not want to disclose details of their billing practices. Go figure. The bank ....

The Government's top antitrust lawyer, is leaving the Justice Department to join Cravath, Swaine & Moore

The Government's top antitrust lawyer, is leaving the Justice Department to join Cravath, Swaine & Moore ....

Justice Department says that ex-S.E.C. lawyer will not be investigated for Madoff ties

Justice Department says that ex-S.E.C. lawyer will not be investigated for Madoff ties ....


Featured Testimonials

LawCrossing is full of solid features. I like the job discriptions the best.
Linda

Facts

LawCrossing Fact #55: Users of LawCrossing are more likely than those who don’t use the site to find their dream jobs because LawCrossing’s staff works 24 hours a day to find them promising career opportunities.


total jobs
68,872
Upload Your Resume
New Legal Jobs in Last 7 Days
17,054
Facebook Twitter
job search tip
Use your resume as a networking device. Show it to friends and business associates. Ask them to pass it on as appropriate. Give them extra copies just in case.
2014 Most Influential Legal Recruiter Rankings
Get the ranking

Your privacy is guaranteed. We will never give out, lease, or sell your personal information.


Shoot for the moon. Even if you miss it, you will land among the stars.