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Old September 23rd, 2008, 03:28 PM   #1
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Fbi investigating possible fraud by fannie mae/freddie mac

Fox breaking news....



The FBI is investigating potential fraud by Fannie Mae, Freddie Mac, Lehman Brothers, AIG.



www.foxnews.com



More to come.............
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Old September 24th, 2008, 01:50 AM   #2
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FBI Investigating Potential Fraud by Fannie Mae, Freddie Mac, Lehman, AIG



WASHINGTON — The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration, The Associated Press has learned.

Two law enforcement officials said Tuesday the FBI is looking at potential fraud by mortgage finance giants Fannie Mae and Freddie Mac, and insurer American International Group Inc. Additionally, a senior law enforcement official said Lehman Brothers Holdings Inc. also is under investigation.

The inquiries will focus on the financial institutions and the individuals that ran them, the senior law enforcement official said.

The law enforcement officials spoke on condition of anonymity because the investigations are ongoing and are in the very early stages.

Officials said the new inquiries bring to 26 the number of corporate lenders under investigation over the past year.

Spokesmen for AIG, Fannie Mae and Freddie Mac did not immediately return calls for comment Tuesday evening. A Lehman spokesman did not have an immediate comment.

Just last week, FBI Director Robert Mueller put the number of large financial firms under investigation at 24. He did not name any of the companies under investigation but said the FBI also was looking at whether any of them have misrepresented their assets.



FOXNews.com - FBI Investigating Potential Fraud by Fannie Mae, Freddie Mac, Lehman, AIG - Local News | News Articles | National News | US News
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