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I posted this in a previous comment. Apparently, the NYS AG is looking into this...
Cuomo said the company may have violated New York laws prohibiting so-called fraudulent conveyances. If a company enters into contracts in which it agrees to pay funds it “effectively doesn’t have, it’s akin to a looting of a company,’’ he said.
If the AIG contracts were signed when people involved knew “the finances were going south,” it could lead to fraudulent conveyance, Cuomo said.
Cuomo declined to comment on whether he was examining AIG’s retention bonuses outside the financial products’ unit.
You're welcome, bystander!
