AIG Admits to Improper Accounting

Insurance giant American International Group acknowledges improper bookkeeping over a 14-year period that could reduce the value of the company by $1.7 billion. Regulators are investigating transactions between AIG and a unit of Warren Buffett's Berkshire Hathaway.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.