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AIG Admits to Improper Accounting

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AIG Admits to Improper Accounting

Business

AIG Admits to Improper Accounting

AIG Admits to Improper Accounting

  • Download
  • <iframe src="https://www.npr.org/player/embed/4568135/4568136" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

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.