Despite the convincing case made by Michael Lewis against the former AIG Financial Products head, and Cassano's own ridiculously suspicious-looking head shot, the feds may not have enough to bring criminal charges against him. Turns out, his usage of the scary "negative-basis" accounting adjustment to disguise the company's billions of dollars worth of exposure was signed off on by auditors: "Prosecutors have obtained notes written by a PwC auditor from a November 2007 meeting that appear to show Mr. Cassano informed the auditor about the adjustment and its potential positive impact, according to people familiar with the matter." [WSJ]
- 1. Fact-Checking the Age-Old Rumors of Walt Disney’s Dark Side
- 2. Megyn Kelly Believes in (White) Santa
- 3. The Dumbest GIFs From the Victoria’s Secret TV Special
- 4. All the Snubs and Surprises From the 2014 Golden Globe Nominations
- 5. The Best, Worst, & Sheerest Fashion Moments of 2013
- 6. How Rich Do These Magazine Editors Think We Are?
- 7. Guy Doing Sign Language at Mandela Memorial Was Actually Just Waving His Arms Around
- 8. Rashida Jones Was a Whore Between 2007 and 2011
- 9. The 2014 Golden Globe Nominations Are Here!