CBS News’ Armen Keteyian reports in this video that investigators are now looking at whether Joseph Cassano, the former head of London-based AIG Financial Products, and two of his top deputies, committed securities fraud and other federal crimes. The specific issue is reportedly whether the men “intentionally provided false information about the size of AIG’s loses in the mortgage-backed securities market to the public and auditors.”
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[…] CBS News is reporting this morning that federal investigators are asking whether Joseph Cassano, former head of London-based AIG Financial Products…. […]