Violation Tracker Individual Record

Company: 
American International Group, Inc.
Current Parent Company: 
American International Group
Penalty: 
$80,000,000
Year: 
2004
Date: 
November 30, 2004
Offense Group: 
financial offenses
Primary Offense: 
accounting fraud or deficiencies
Secondary Offense: 
securities issuance or trading violation
Violation Description: 

American International Group, Inc. and two of its subsidiaries agreed to resolve the criminal liability associated with certain financial transactions by paying $80 million in penalties to the United States and cooperating fully in the government's continuing criminal investigation of those transactions.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Criminal Division
Civil or Criminal Case: 
criminal
Prosecution Agreement: 
deferred prosecution agreement
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
insurance
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.