Justice estimates that the fraud cost 500 million dollars to the shareholders of AIG

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A federal judge declared Monday that the shareholders of AIG (American International Group) had lost more than 500 million dollars (395,4 million euros) because of a countable fraud intended to dissimulate the true financial position of the ex-number world of the insurance.

The opinion returned Friday by judge Christopher Droney means that five former leaders found guilty of countable fraud in February risk to the prison with perpetuity.

The expert quoted by the prosecutors estimates that the fraud cost 1,2 to 1,4 billion dollar to the shareholders of pin According to a calculation carried out with another method, the loss assembles himself to 544 to 597 million dollars. The magistrate retained the low fork, although defense disputes any loss for the shareholders. The fraud would have floué more than 250 investors. One is unaware of when the sentence will be marked.

AIG was saved and nationalized in fact in September thanks to a loan relay of 85 billion dollars of the American federal Bank, before obtaining an agreement for 37,8 billion dollars additional. ( Finance Information City )