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Violation Tracker Individual Record

Company: American International Group, Inc.
Current Parent Company: American International Group
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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 Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.