Reply #41: The FBI began investigating them in March of this year.

[PA Democrat]

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/24/AR2008092403589.html?hpid=sec-business

Federal investigators have been scrutinizing American International Group since March, focusing on whether the insurance giant knowingly concealed mammoth losses that helped lead to the company's $85 billion federal bailout this month.

Investigators are interviewing witnesses and examining previous statements and disclosures made by AIG and its former officials, according to two people familiar with the probe. No determination has been made about whether to seek criminal or civil charges, said the sources, who spoke on the condition of anonymity because the investigation is at a delicate stage.

As with the 25 other ongoing FBI inquiries involving the mortgage debacle, the main focus of interest is whether companies and their executives misled investors and auditors when they put a value on their mortgage-related investments.