Whistleblower Lawsuit Claims Taxpayers Were Defrauded When Federal Government Bailed Out Houston-Based American International Group in 2008

Last week, awhistleblower lawsuitclaiming that taxpayers were defrauded when the federal government bailed out American International Group was unsealed. The complaint accuses the Houston-based AIG and two banks of taking part in speculative and fraudulent transactions that resulted in losses worth billions of dollars. They then allegedly convinced the Federal Reserve Bank of New York to bail them out with two rescue loans for AIG that were used to unwind hundreds of failed loans.

投诉的重点是AIG于2008年10月收到的两项约440亿美元的紧急贷款（剩下的138美元在救助资金中获得的138美元不是此案的一部分）。这笔钱用于解决涉及复杂，抵押贷款与证券的交易。bob200体育一些AIG保证的证券由高盛和德意志银行承保。bob200体育在这种情况下，两家金融机构都加入AIG作为被告。这两款贷款被扩大以购买陷入困境的证券，并将其放入特种用途车辆的Maiden Lane II和Mabob200体育iden Lane III，直到AIG的危机消退为止。

原告，资深政治活动家南希和德里克·卡萨迪（Derek Casady）认为，救援贷款是不当的，因为政府在没有获得AIG的高质量抵押品的誓言中做出了不当的措施。他们坚持认为，美联储委员会无权“弥补从事欺诈性金融交易的人的损失”。

Their whistleblower lawsuit was filed under the False Claims Act. This federal law lets private citizens sue on behalf of government agencies if they know of a fraud that occurred. Plaintiffs are able to attempt to recover money for the government and its taxpayers. Plaintiffs usually receive a percentage if their claim succeeds.

According to the New York Times, senior fed officials have admitted to taking unusual actions in 2008 because the global financial system was on the verge of falling apart.

Related Web Resources:
Claiming Fraud in A.I.G. Bailout, Whistle-Blower Lawsuit Names 3 Companies, The New York Times, May 4, 2011
虚假索赔法，康奈尔大学法学院

Related Web Resources:
Texas Commodity Trading Advisor FIN FX LLC Now Subject to NFA Emergency Enforcement Action, Stockbroker Fraud Blog, April 27, 2011
Texas Securities Fraud: FINRA Suspends Pinnacle Partners Over Failure to Comply with Temporary Cease and Desist Order Involving “Boiler Room” Operation, Stockbroker Fraud Blog, April 19, 2011
SEC is Finalizing Its Whistleblower Rules, Says Chairman Schapiro, Stockbroker Fraud Blog, April 28, 2011
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