AIG cover-up might lead to criminal prosecution, official says

04/29/2010 | Bloomberg

The Federal Reserve Bank of New York's hiding of crucial information about the bailout of American International Group for more than a year could result in criminal prosecution of those involved, said Neil Barofsky, special inspector general for the Troubled Asset Relief Program. "We're either going to have criminal or civil charges against individuals or we're going to have a report," Barofsky said. "This is too important for us not to share our findings." He declined to say whether his investigation targets U.S. Treasury Secretary Timothy Geithner.

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