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By twolf1
AIG, always on the lookout for those who would threaten their reputation, offers visitors to their website a Fraud Warning page. It details the latest internet phishing scams, identity theft tricks, and describes how people are posing as AIG employees to get private and personal data from the general public.
The general warning at the bottom of the page, however, is very instructive (emphasis added):
American International Group, Inc. (AIG) is proud of its reputation and record as world leaders in insurance and financial services, with operations in more than 130 countries and jurisdictions. AIG takes very seriously any reports of suspicious or fraudulent activities, including reports of Internet fraud or identity theft involving the unauthorized use of AIG’s name. AIG cautions its investors that persons not affiliated with AIG may approach you, pretending to act on behalf of AIG.
How to Protect Yourself
Fraudsters often create a sense of urgency to provoke you to take action immediately. First, consider carefully whether AIG would have sent you the request. Second, ask questions — if you are in doubt as to whether communications with a person purporting to act on behalf of AIG are legitimate, do not respond to it. In any cases of uncertainty, a safe alternative is to contact AIG directly as listed below. If a questionable communication is via e-mail offering a link asking you to provide personal information on a Web page, do not click on the link, even if it may appear genuine.
Who to Contact to Report Suspicious Activities
If you receive an e-mail or any communication that you believe to be suspicious and connected to fraudulent activities, immediately forward it to AIG’s Corporate Compliance Group: corporatelegalcompliance@aig.com. Please do not remove the original subject line, or change the e-mail in any way when you forward it to us. If we find it to be fraudulent, we will take appropriate action.
Hmmmm . . . "AIG takes very seriously any reports of suspicious or fraudulent activities"?
Right.
Given Liddy’s reply to Geithner, I have a hard time believing that one. But they’re absolutely right about fraudsters creating a sense of urgency to try to provoke immediate action . . .
As for AIG deciding whether something is a fraud, though, I’d rather AIG not do the judging. You’ve done enough already, really. I’d be content to have the US Attorney’s office handle that for you.
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very good peter .. Ain’t It Grand ??
The people have pumped enough money into AIG that in any sane economy we’d own them. But we don’t, and so we can’t fire the board of directors and the top three layers of management. Duh!
Thanks Thers… I mean Peterr w/ snark on high. *s*
this is rich
So nice to know they’re thinking of us.
“Hello – AIG – do you have suspicious activity to report?”
“Yes – AIG!”
“Yes sir, I already said that – this is AIG. Do you have suspicious activity to report?”
“Yes – AIG!”
“Yes sir, I think we’ve established that – this is AIG. Do you have suspicious activity to report?”
“Nah, just a question. Would you please stay on the line while I shoot this telephone?”
Let’s see… AIG sold credit default swaps which were really insurance vehicles, but they didn’t want to call it “insurance” to avoid regulation and the reserves/collateral requirements.
And now they say they’re concerned about fraudulent activities?
hahahhahahahaa
first decade of this century can be called “THE PONZI DECADE”
On This Week, Larry Summers pointed out today very wisely that it was lack of regulation that allowed companies like AIG to go off the rails the way they did.
Anyone want to guess who was Secretary of the Treasury when Glass-Steagall was repealed?
All we get from everyone connected to the financial community is just more of the con.
The more I listen to talking heads and the more I listen to recorded books, the less tolerant I become of talking heads who um, um, um. Like Summers. I have now deteriorated to shouting at the TV. If Summers is the best spokesman Obama has (not talking about substance here), then he’s in trouble. I would also note a substantial number of ums in Obama’s extempteraneous speech.
ACK!
some day soon my neighbors may hear me start yelling out the windows a la howard beal (?).
i was just going to listen to my recording of summers. not sure i’m up to it now (after reading your comment).
damn.
p.s. CFMA too.
My hands have cramped up from constantly holding my middle fingers up !!
At this point it’s all I can think to do !
I put this up months ago
Obama really needs to nationalize, now! We are, at this point, all totally sick of these capitalists (sorry for the language). Don’t we already own 80% of AIG anyway? Why don’t we (as in the American taxpayers) control the Board of Directors? Shouldn’t we be able to renegotiate terms of compensation?
I’m getting the impression that “the Masters of the Universe” are really plastic action figures made in China that sell at WalMart for $5.99 each.
As I pointed out earlier today Liddy was put in place by Paulson, the former head of Goldman Sachs. Anyone want to guess which investment bank Liddy was working at before he was named to head AIG?
Correct to add: Fraudsters (like AIG) often create a sense of urgency to provoke you to take action immediately
This comment wrote itself…
damn. gs?
Shouldn’t they be issuing a warning about the fraud that they are perpetrating on the American taxpayers?