By: Pro_Se

Pro_Se — Sun, 29 Mar 2009 12:10:32 +0000

The outrage over AIG using less than 0.1% of the $173 billion stolen (so far) to pay employee “bonuses” [sic hush money] is silly. The Department of Justice ("DoJ") should prosecute and send the guilty parties to jail. Here is a prescription for recovering the $173 billion that AIG has stolen from the federal government thus far.

(1) The DoJ should file suit in a U.S. District Court for civil conspiracy, fraud and breach of fiduciary duty against AIG and AIG’s directors. The DoJ can prosecute these defendants under the False Claims Act (31 U.S.C. § 3729–3733), the Racketeer Influenced and Corrupt Organizations Act (18 U.S.C. § 1961–1968), and the Foreign Corrupt Practices Act (15 U.S.C. §§ 78dd-1).

(2) The DoJ should add as co-defendants any counterparties to AIG’s fraudulent derivative contracts (credit default swaps, etc.) who were unjustly enriched by being paid-off using any portion of the $173 billion that AIG extorted and defraud from the federal government.

(3) DoJ should file a motion in the case seeking the imposition of a constructive trust, in equity, over the federal government’s money, and/or any assets into which the counterparties converted the federal government’s money.
(4) The DoJ should allow a jury of intellectually honest citizens determine if AIG and AIG’s directors are liable for claims against them; and if they are, the amount of money that each party unjustly enriched by AIG’s extortion and fraud scam should return to the federal government.

(5) The DoJ should take on all appeals through to the Supreme Court so that the consequences of violating the laws that AIG has violated will set precedent for prosecuting others who choose to follow AIG's path.

See http://texasbarwatch.blogspot.com/ for information on how the U.S. Congress has facilitated AIG's theft and failed to prosecute the company or its directors for these crimes. Also, http://TexasBarWatch.US/ and http://Iran-Conoco-Affair.US/.

See http://www.delawarelitigation.com/2009/02/artic... for information on how AIG shareholders (read: lawyers fronting for AIG shareholders) are attempting to unjustly enrich themselves on U.S. taxpayer money being used to defend AIG's corrupt directors.

By: Dan D.

Dan D. — Tue, 24 Feb 2009 19:32:56 +0000

Is AIG an example that trying to bailout these failing companies is not working? AIG has received a $150 Billion rescue package from the government and still is reportedly asking for more help.

When these failing companies are still going under despite multi-billion dollar rescue packages is it time to reexamine the current economic initiatives being promulgated today by the government?

http://www.weeklypoint.com/2009/02/24/aig-fears...

By: AIG Fears $60 Billion Loss, Begs for More Taxpayer Money | THE WEEKLY POINT

AIG Fears $60 Billion Loss, Begs for More Taxpayer Money | THE WEEKLY POINT — Tue, 24 Feb 2009 16:06:32 +0000

[...] The Washington Independent » AIG Wants Another Bailout – Where’s Rick Santelli When You Need Him? Mary Kane [...]

Comments on: AIG Wants Another Bailout – Where’s Rick Santelli When You Need Him?

By: Pro_Se

By: Dan D.

By: AIG Fears $60 Billion Loss, Begs for More Taxpayer Money | THE WEEKLY POINT