Moody's Investors Service, commenting on the SEC's announcement of enforcement actions against American International Group, Inc. (AIG) and others arising from an alleged accounting fraud committed at Brightpoint, Inc., noted that it sees no evident ratings impact for AIG and its subsidiaries. According to the SEC, "The fraud charges against AIG resulted from AIG's role in fashioning and selling a purported 'insurance' product that Brightpoint used to report false and misleading financial information to the public. In settling the Commission's charges, AIG agreed to pay a $10 million civil pen...
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