Add one more investigation to the growing list already facing Fannie Mae, Freddie Mac, Lehman Brothers Holdings Inc. and AIG. Bloomberg reports that the FBI is now investigating these companies as part of a probe of 26 companies related to the collapse of the subprime-mortgage market.
The FBI is looking into possible accounting misstatements, Bloomberg reports, and the investigations are at a preliminary stage. According to the article, other companies under FBI investigation may include IndyMac Bancorp Inc. and Countrywide Financial Corp., which has since been bought by Bank of America Corp.
The SEC is also reportedly investigating Fannie Mae, Freddie Mac, Lehman Brothers Holdings Inc. and AIG for civil violations.