Company Name: AIG
Problem Type: Financial Institution		12b-1: NA% OER: NA%
Date/Problem:	Publicity Source:	Status-Ongoing Resolution:	Fund Police Opinion:
5/1/2006 The company is facing a class action lawsuit that alleges that they participated in a self-serving kickback scheme referred to as "selling shelf space" which caused the brokers to give biased information.	Investment News	Pending	We don't even have to explain ourselves for why we're kicking this company to the curb. Throw the bums out!
4/5/2006 The company has been fined more than $1.1 million by the NASD for directed brokerage and other violations.	Market Watch	Fined more than $1.1Million	HUGE conflicts of interest exist at many large brokerage firms. FP suggests you steer clear and seek advice from a FEE-ONLY planner. Visit www.napfa.com.
4/4/2005 AIG’s improper accounting over-inflated the company’s worth by $1.7 billion.	Wall Street Journal	Investigators have begun to uncover years of accounting fraud. This investigation threatens AIG’s solid blue-chip reputation.	AIG's problems aren't over yet!
3/22/2005 The CFO and VP were fired for not cooperating with government investigators. AIG's board also removed the CEO, Maurice Greenberg.	Forbes.com	The investigation was to determine if AIG has manipulated its books to mislead investors. AIG's company policy requires employees to cooperate with investigations of company-related matters.	The company's attempt to self-regulate is a good sign. We need more like that.
11/30/2004 AIG sold PNC an earnings management product which helped PNC's financial reporting look more favorable. The SEC has deemed the product innapropriate and holds AIG liable for the misstatements in PNC's financial disclosures to clients.	U.S. Securities and Exchange Commission	AIG settled fraud charges with the SEC for $126 million.	When it rains it pours. This is an entire separate topic from the insurance scandal. FP says STAY AWAY.
11/15/2004 AIG is in trouble with the SEC for helping PNC commit account fraud.	Wall Street Journal	AIG will soon settle with the SEC for what is expected to be more than $10 million. AIG would also be subjected to a review of past transactions with customers to see if they had helped any others commit fraud by manipulating financial statements. PNC paid $115 million in fines with the SEC to settle the fraud charges. Neither company has admitted or denied any wrongdoing.	Do not invest your money with insurance companies.
10/20/2004 AIG's chairman is not defending the company's invovlement with Marsh and McLennan's bid-rigging scandal.	Wall Street Journal	The company is currently being investigated by Elliot Spitzer and the New York Attorney General's office.	Spitzer has implied that AIG was part of the "Cartel" designed by M & M to skim money from customers. FP says STAY AWAY.
10/18/2004 Two executives have pleaded guilty for involvement with bid-rigging at AIG with Marsh and McLennan. The CEO of AIG is the father of the CEO at Marsh and McLennan.	Wall Street Journal	Still under investigation.	Spitzer has implied that AIG was part of the "Cartel" designed by M & M to skim money from customers. FP says STAY AWAY. Nepotism+old boys network equals customers getting screwed.
10/18/2004 Involved in the bid-rigging scandal with Marsh and McLennan.	Wall Street Journal	Two mid-level managers have pleaded guilty. The company will suspend practicing "contingent commissions" where the insurer pays a broker in exchange for steering business its way.	Spitzer strikes like lightning. FP says STAY AWAY until Spitzer gets all the bad guys in the paddywagon.
10/5/2004 AIG has made misleading statements in news releases about their transcations with PNC Financial Services Group to help improve the appearance of the bank's quarterly results.	Wall Street Journal	AIG stated it was invovled in a limited number of transactions with PNC when in fact, there were more, leading people to believe that AIG was not as involved as they had been. Federal prosecutors and securities regulators are still investingating whether or not AIG violated securities law.	Lies, Lies and Damm Lies. When you are fighting a war with the law on multiple fronts, it shows the public that you do NOT have your act together. FP says STAY AWAY.
9/22/2004 AIG has been warned by regulators that it may face civil action if it continues transactions with PNC Financial Services Group to assist with keeping bad loans off the bank's book.	Wall Street Journal	SEC is attempting to prosecute businesses that aid in fraud.	When it rains it pours. This is an entire separate topic from the insurance scandal. FP says STAY AWAY.