Man at centre of AIG’s collapse is back in the US
Former London-based AIG Financial Products boss Joseph Cassano - closely associated with the AIG collapse – has gone back to the United States, Reuters reports.
Reuters said: “He and his wife, Ellen Hooker, have left the posh home originally leased for him by AIG in the tiny Knightsbridge area of London, close to Harrods department store, and returned to live in his clapboard house in bucolic Westport, Connecticut.”
It was thought Cassano would remain in London avoid the US investigation. But his lawyer, Joseph Warin, says Cassano always intended to return to the US.
His actions were appropriate
"Despite what you have read, Joe owns no house in London. His house is here and it is where he lives. He is not ducking anyone," said Warin.
"We are working hard to make sure they (prosecutors), have all the facts," Warin said. "When all the facts are known, we are confident that the authorities will see that his actions were appropriate."
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