Cochrane: AIG Details

http://www.secinfo.com/dsvr4.57Dq.htm#TOC
American International Group Inc. SC13G AmeriCredit Corp 8/14/00

American International Group Inc
(Parent Holding Company)
70 Pine St, New York NY 10270
Incorportaed in DE
IRS 13-2592361
SEC CID 5272

AIG Global Investment Group, Inc.
(Parent Holding Company or Control Person)
70 Pine Street
New York, New York 10270

John McStay Investment Counsel, L.P.
(Investmenet Advisor)
5949 Sherry Lane
Suite 1600
Dallas, Texas 75225

(How many thought an American company) ?

Symbols
AIG, AFF, AVF, AmIntG CUSIP/CINS/PPN
Issuer # 026874

434 Affiliate Relationships including:
Bear Stearns Companies Inc.,
Bear Stearns & Co. Inc. NY
J P Morgan Chase & Co
[ formerly Chase Manhattan Corp/DE ]

http://www.secinfo.com/$/SEC/Registrant.asp?CIK=5272&View=Relationships&List=A#Affiliates

69 Owner ‘Issuer’…
Including:
69 “Owner” Relationships where the security “ISSUER” is…)

American Bankers Insurance Group Inc
General Motors Financial Company/Inc
[formerly Americredit Corp]
Blackstone Group L/P
21st Century Insurance Group
[formerly 20th Century Industries]

Subject Company or Serial Company
1stTime Last Relationship “Issuer”
12/27/94 9/28/07 SC 13D 21st Century Insurance Group [ formerly 20th Century Industries ]
2/7/97 SC 13D Acmat Corp
4/12/96 8/8/96 SC 13G Acmat Corp
2/8/05 SC 13G Airgate Pcs Inc
12/30/96 SC 13D Alcohol Sensors International Ltd
7/18/94 1/21/97 SC 13D Alexander & Alexander Services Inc
2/1/07 12/18/07 SC 13G Allied World Assurance Co Holdings/AG [ formerly Allied World Assurance Co Holdings Ltd ]
1/16/98 3/23/98 SC 13D American Bankers Insurance Group Inc
1/28/98 3/18/98 DFAN14A American Bankers Insurance Group Inc
4/12/01 7/26/01 425 American General Corp/TX
2/16/99 4/7/99 SC 13G American Shared Hospital Services
2/14/06 SC 13G American Skiing Co/ME [ formerly Asc Holdings Inc ]
2/13/08 2/16/10 SC 13G Avalon Pharmaceuticals Inc
12/17/10 3 Blackstone Group L/P
12/17/10 4 Blackstone Group L/P
12/17/10 SC 13G Blackstone Group L/P
8/14/00 SC 13G Bright Horizons Family Solutions Inc
2/16/99 SC 13G Dairy Mart Convenience Stores Inc
2/16/99 SC 13G Danskin Inc
2/13/08 2/16/10 SC 13G eTelecare Global Solutions/Inc
9/29/08 12/15/08 SC 13D eTelecare Global Solutions/Inc
8/14/00 SC 13G General Motors Financial Company/Inc [ formerly Americredit Corp ]
8/25/00 9/8/00 SC 13D HSB Group Inc
8/18/00 425 HSB Group Inc
9/7/99 9/10/99 SC 13G Imagex Com Inc
8/15/06 4 Ipc Holdings Ltd
4/9/96 8/15/06 SC 13D Ipc Holdings Ltd
3/23/06 2/16/10 SC 13G iPCS/INC [ formerly Ipcs Inc ]
9/11/07 10/21/09 4 iPCS/INC [ formerly Ipcs Inc ]
3/16/06 3 iPCS/INC [ formerly Ipcs Inc ]
9/7/06 SC 13D Kinder Morgan Kansas/Inc [ formerly Kinder Morgan/Inc ]
12/11/97 11/24/99 SC 13D Kroll Inc [ formerly Kroll O Gara Co ]
2/13/02 SC 13G MCG Capital Corp
11/9/10 3/8/11 SC 13G Metlife Inc
8/14/00 SC 13G Metris Companies Inc
2/13/98 6/9/99 SC 13G Mettler Toledo International Inc [ formerly Mettler Toledo International Inc ]
3/22/04 2/14/06 SC 13G Nes Rentals Holdings Inc
5/7/01 SC 13G Nitches Inc [ formerly Beebas Creations Inc ]
12/31/07 1/18/08 4 NovaRay Medical/Inc [ formerly Vision Acquisition I/Inc ]
1/10/08 SC 13G NovaRay Medical/Inc [ formerly Vision Acquisition I/Inc ]
12/31/07 3 NovaRay Medical/Inc [ formerly Vision Acquisition I/Inc ]
4/15/05 2/17/09 SC 13G Oglebay Norton Co/Ohio [ formerly On Minerals Co Inc ]
4/15/05 3 Oglebay Norton Co/Ohio [ formerly On Minerals Co Inc ]
10/22/03 SC 13G Palm Inc [ formerly Palmone Inc ]
2/14/06 SC 13G PCCW Ltd [ formerly Cable & Wireless Hkt Ltd ]
2/17/09 SC 13G Phosphate Holdings/Inc
12/8/03 10/6/09 4 Primus Telecommunications Group Inc
1/10/03 SC 13D Primus Telecommunications Group Inc
2/14/01 SC 13G Probex Corp [ formerly Conquest Ventures Inc ]
8/14/00 SC 13G Province Healthcare Co
2/12/07 2/13/08 SC 13G RAM Holdings Ltd
6/9/99 2/14/06 SC 13G Riviera Holdings Corp
2/16/99 SC 13G Rockford Industries Inc
2/6/04 4 Steinway Musical Instruments Inc [ formerly Selmer Industries Inc ]
2/16/99 2/6/04 SC 13D Steinway Musical Instruments Inc [ formerly Selmer Industries Inc ]
8/27/98 SC 13D Sunamerica Inc
10/22/03 3/25/04 SC 13G Talk America Holdings Inc [ formerly Talk Com ]
4/14/08 3 Tortoise Energy Infrastructure Corp
4/1/94 3/10/10 SC 13D Transatlantic Holdings Inc
6/12/09 4 Transatlantic Holdings Inc
8/14/00 SC 13G Transmontaigne Inc [ formerly Transmontaigne Oil Co ]
4/11/05 2/12/07 SC 13G Trico Marine Services Inc
2/15/00 1/10/06 SC 13D TUTOR PERINI Corp [ formerly Perini Corp ]
4/28/04 12/28/05 4 TUTOR PERINI Corp [ formerly Perini Corp ]
9/26/01 SC 13G Warrantech Corp
3/15/04 3/8/05 4 World Air Holdings/Inc [ formerly World Airways Inc/DE ]
2/8/05 5 World Air Holdings/Inc [ formerly World Airways Inc/DE ]
8/30/99 SC 13G World Air Holdings/Inc [ formerly World Airways Inc/DE ]
9/3/04 6/21/05 SC 13G World Airways Inc

—————————————————————–

Example of 2007 Stockownership of some of the entities just an example of the disclosures one can find inside the 4/A’s.

Gem Parallel Fund LP 4/A

9/20/07
Primus Telecommunications Gr..Inc
Merrill Corp-MD/FA
Aig Global Emerging Markets Fund LLC
Aig Global Sports & Entertainment Fund LP
Aig Gsef/L/P
Aig Capital Partners Inc
AIG Capital CORP
American International Group Inc
AIG Global Asset Management Holdings Corp
AIG GSEF Investments/LTD
On 4/A – Stock Ownership

Explanation of Responses:

1. Sales were made by AIG Global Emerging Markets Fund, L.L.C. (“AIGGEM”), a Delaware limited liability company, having its principal office at 599 Lexington Avenue, 24th Floor, New York, NY 10022;

GEM Parallel Fund, L.P. (“GEM Parallel”), a Delaware limited partnership, having its principal office at 599 Lexington Avenue, 24th Floor, New York, NY 10022; and

AIG Global Sports and Entertainment Fund, L.P. (“AIGGSEF”), a Cayman Islands exempted limited partnership, having its principal office at Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands

(AIGGEM, GEM Parallel, and AIGGSEF, collectively, the “Funds”) pursuant to a Rule 10b5-1 plan (“Plan”) adopted on May 21, 2007 and amended on May 31, 2007.

The adoption of the Plan was reported in the issuer’s Form 8-K filed on May 24, 2007.

2. Pursuant to the Plan, AIGGSEF sold 300,000 shares on June 20, 2007 at $ 1.03; 100,000 shares on June 21, 2007, at $ 1.0325 and 10,000 shares on June 21, 2007 at $ 1.04, leaving it owning a balance of 7,860,004 shares on June 21, 2007, after such sales. In addition, pursuant to the Plan, GEM Parallel sold 28,800 shares on June 20, 2007 at $ 1.03; 9,600 shares on June 21, 2007, at $ 1.0325 and 960 shares on June 21, 2007 at $ 1.04, leaving it owning a balance of 752,088 shares on June 21, 2007, after such sales.

In addition, pursuant to the Plan, AIGGEM sold 271,200 shares on June 20, 2007 at $ 1.03; 90,400 shares on June 21, 2007, at $ 1.0325 and 9,040 shares on June 21, 2007 at $ 1.04, leaving it owning a balance of 7,107,916 shares on June 21, 2007, after such sales.

3. Certain of the Reporting Persons may be deemed to constitute a “group” within the meaning of the Securities Exchange Act of 1934, as amended, and the rules promulgated pursuant thereto.

Each Reporting Person may be deemed to beneficially own the shares held directly by AIGGEM, GEM Parallel and AIGGSEF. The shares reported herein represent the entire amount of shares held directly by each of AIGGEM, GEM Parallel and AIGGSEF. AIGGEM, GEM Parallel and AIGGSEF each directly holds shares representing less than 10 percent of the Issuer’s common stock.

4. Each Reporting Person disclaims a pecuniary interest in a portion of the shares reported herein. Each Reporting Person other than AIGGEM, GEM Parallel and AIGGSEF disclaims beneficial ownership of the shares held directly by each of AIGGEM, GEM Parallel and AIGGSEF except to the extent of their respective pecuniary interest, if any, therein. AIGGEM disclaims beneficial ownership of the shares held directly by GEM Parallel and AIGGSEF. GEM Parallel disclaims beneficial ownership of the shares held directly by AIGGEM and AIGGSEF. AIGGSEF disclaims beneficial ownership of the shares held directly by AIGGEM and GEM Parallel. The reporting of the shares as shown herein shall not be deemed in admission of beneficial ownership of all such shares as to any Reporting Person for purposes of Section 16 or for any other purpose.

5. This Statement of Changes in Beneficial Ownership does not reflect subsequent purchases of shares by certain subsidiaries of American International Group, Inc. that are not Reporting Persons herein, which are described on a separate Statement of Changes in Beneficial Ownership and as to which the Reporting Persons herein, except as otherwise reported in such separate Statement, disclaim beneficial ownership.

GEM Parallel Fund LP
175 Water Street, 23rd Floor
New York, New York 10038

http://www.secinfo.com/d11MXs.u2y64.htm

15 Responses

  1. […] Cochrane: AIG Details « Livinglies's WeblogDescription : 12/27/94 9/28/07 SC 13D 21st Century Insurance Group [ formerly 20th Century Industries ] 2/7/97 SC 13D Acmat Corp 4/12/96 8/8/96 SC 13G Acmat Corp 2/8/05 SC 13G Airgate Pcs Inc 12/30/96 SC 13D Alcohol Sensors International Ltd …http://livinglies.wordpress.co .. […]

  2. Forbes Mentions Nigerian Barge Deal
    busted out with this:

    It’s amazing . . . .prosecutors . . .need of crooks to share their experiences with their partners in crime.

    It’s up there with the Enron-Merrill Lynch Nigerian barge fraud. Manhattan United States Attorney Preet Bharara is claiming in a just-released criminal complaint that, after learning of a federal investigation, a former employee of SAC Capital tore apart his computer drives with pliers and walked around New York City tossing the remains in four separate garbage trucks, The Wall Street Journal is reporting.

    Whoa. Hold the phone. I for one would like some accountability served with my yellow journalism. Who at Enron or Merrill Lynch tore his computer apart and destroyed it? I think the journalist is confusing this with the classic children’s tale The Time Michael Kopper Threw Away His Computer In A Dumpster, which after a little more research into the matter seems fiction to me but what do I know, I’m just a girl with a dream, a computer, and no discernible respect for authority.

    Incidentally, it’s not illegal to throw away your computer. Keep that in mind when you’re busy condemning the act that may or may not have happened.

    “F—in’ pulled the external drives apart,” said Donald Longueuil who worked at SAC’s CR Intrinsic Investors division for about two years, according to a Journal report based on a criminal complaint released Tuesday. “Put ‘em into four separate little baggies, and then at 2 a.m. … 2 a.m. on a Friday night, I put this stuff inside my black North Face … jacket, … and leave the apartment and I go on like a twenty block walk around the city … and try to find a, a garbage truck … and threw the s—t in the back of like random garbage trucks, different garbage trucks … four different garbage trucks.”

    This guy sounds exactly like a character my boyish friend and I made up for one of my books. He’s a mob boss named Scarpetta, stupid as a brick but mean. And sometimes he calls the hero and says, “Can I come over? I got a dead body in the trunk I want you to help me get rid of.” Then when the other guy freaks out he laughs and says, “I’m just yanking your chain. Seriously I want you to tell me how do some insider trading.” Because he’s subtle like that.

    Said U.S. Attorney Bharara in a new conference: “When people frantically begin shredding sensitive documents and deleting computer files and smashing flash drives and chasing garbage trucks at 2 a.m. … it is not because they have been operating legitimately.”

    Talk about deadpan delivery.

    And pause.

    This what I don’t like about prosecutors. SHOW ME THE PROOF HE DID SOMETHING WRONG. Don’t just assume that the odd behavior of someone is enough to prove he’s not “operating legitimately.”

    And furthermore, who is this lapdog writing this crap? Whatever happened to the tough, adversarial media? I am not sure the role of the person writing but goodness, this is Forbes magazine, you’d think it would attempt to dress its unquestioning love of the US attorney with a bit of actual journalism, even if it’s just for show.

    The conference was part of a rapidly expanding insider trading probe that is ensnaring a widening circle of SAC employees and affiliates. SAC is a highly secretive $12 billion (assets) hedge fund firm known for paying hefty commissions—

    I count three slurs in those two sentences. Two are subtle. One is not.

    1. “Rapidly expanding insider trading probe.” This means to imply vastness – that big corruption is afoot.
    2. “Highly secretive.” That’s not illegal or even suspicious.
    3. “Hefty commissions.” Aha. Class envy.

    and which for years has been the subject of rumors that its largesse has bought it the first call from brokers and others in the know about upcoming market-moving events. SAC’s billionaire founder Steven Cohen was the subject of similar allegations by his former wife. Neither Cohen or SAC has been charged with wrongdoing, and the firm has stated that it is cooperating with investigators.

    That’s very nice of the writer to mention that Cohen hasn’t bee charged.

    Longueuil declined comment and was charged with conspiracy to commit securities fraud and conspiracy to commit wire fraud in connection with his activities while at SAC and obstruction of justice afterward, according to the Journal.

    Another former SAC fund manager, Noah Freeman, 35, has pleaded guilty to securities fraud and conspiracy in connection with his work at SAC, is cooperating in the government and recorded conversations with Longueuil.

    The federal investigation appears to fit a classic pattern in which lower-level conspirators are investigated, confronted with their own wrongdoing and convinced to cooperate with the feds in exchange for more lenient treatment. They are then used by prosecutors to uncover evidence of wrongdoing by those higher up the chain. It’s what’s known as throwing others under the bus.

    At Enron it was the reverse. The dandies at the DOJ thought it wise to aim for the big fish first. Didn’t work out very well.

    Fedreal investigators have used similar tactics in a parallel investigation involving Galleon Group. That investigation has already resulted in several convictions. Galleon founder Raj Rajaratnam is scheduled to go to trial later this year, with his former underlings likely to form the basis of the government’s case.

    It’s a pattern I’ve seen before. Namely in a case involving MCI, about which I co-wrote a book, Stolen Without A Gun. In that case, the feds presented one of the scamsters with evidence of his wrongdoing and convinced him to wear a wire while getting his buddies and co-conspirators to discuss their crimes.

    Wear a wire? What are you, on Law on Order? Who needs a wire when there are iPhones that record audio, emails, etc.? Isn’t “wearing a wire” a bit 1989?

    I interviewed the guy. Talk about a horrible experience. He knew he’d done wrong. The feds had the goods to put him away for years and were offering conditional immunity. That meant cooperate and they wouldn’t go after him for anything he helped uncover; leave something out and get prosecuted for it. The night before he strapped on the FBI’s wire, he was shaking so much his bed was knocking against the wall. He ultimately got off as an un-indicted co-conspirator, or, as his lawyer put it, as a witness.

    This actually sounds like Bill Collins. Not that I have much sympathy for Bill Collins but the guy was skeered of the DOJ indicting his happy ass so he told them everything they wanted to know, plus much much more. Meaning he just made crap up on the fly.

    The same people who say that torture is wrong are inevitably the same ones who think there is nothing untoward about plea deals. There simply is not logical distinction between them.

    It’s amazing how great an ally prosecutors have in the need of crooks to share their experiences with their partners in crime. If I were Stevie Cohen, I’d be dipping into those billions to hire some very good criminal defense lawyers, as I’m sure he’s doing already.

  3. Nigerian Barge Trial Testimony: Katherine Zrike Denies Parking Arrangement With Enron
    (Relating to using the SPV and derecognition)

    Katherine Zrike, in house counsel for Merrill Lynch,
    Author here is baffled by the prosecution and ” more proud of the defendants for withstanding this idiocy”

    This is part of Katherine Zrike’s testimony on cross-exam by Matthew Friedrich:

    Q. Let me start you, if I could, by referring you to — with Fuhs Exhibit 6. The handwritten notation that Mr. Fuhs had you read at the bottom of the page. Could you read that again, please?

    A. Translated with my shorthand –

    Q. Yes.

    A. – or just exactly the way?

    Q. If you could translate it with your shorthand into what the words meant to you.

    A. Meant to me. Okay. “Real equity with only agreement from Enron to re-market our equity.”

    Q. And that was your understanding; correct?

    A. That was my understanding.

    Q. Your understanding was that the only agreement was a re-marketing agreement; correct?

    A. That’s correct.

    Q. At any time, did anyone ever tell you that Enron and Merrill Lynch had reached a verbal agreement that, if the barges couldn’t be sold, that Enron would buy the barges back from Merrill Lynch?

    A. No, they did not.

    Q. Had they told you that, would you have allowed the transaction to go forward?

    A. No, I would not.

    Q. Why would you not have allowed the transaction to go forward?

    A. I would have equated that to a park, to a prearrangement that would violate our year-end transaction rules. I would have felt it was a sham.

    Q. Parking is wrong?

    A. Yes.

    Q. You would not have allowed the transaction to go forward; correct?

    A. That’s correct.

    Q. If it’s a parking transaction, then that means that Enron would not have been able to report a gain for the
    transaction; correct?

    A. They should not have been able to do it legally, under the accounting rules.

    Q. You would have stopped the deal had you known that there was such an agreement; correct?

    A. Yes.

    Q. Ms. Zrike, at any time were you ever told that Enron and Merrill Lynch had reached a verbal agreement that
    Merrill Lynch would receive a fixed rate of return from the barge deal?

    A. I was never told that.

    Q. Had you been told that, would that have caused you concern?

    A. It would have caused me concern if it was Enron that was guaranteeing the price.

    Q. And what would your concern have been?

    A. That, again, it goes back to having the attributes of a park or an illegal transaction under the accounting rules, given what we understood Enron was going to be doing in recognizing the gain on the sale.

    Q. Had you known that Enron had given Merrill Lynch a verbal agreement that it would pay fixed rate of interest, you would not have allowed the deal to go forward, would you?

    A. No, I would not.

    I really don’t know how much more clear this could be. Katherine Zrike was plainspoken and honest, in short: a terrific witness.

    She was an attorney; she wouldn’t risk her career for this transaction – particularly for Enron, a company she didn’t even work for.

  4. Virginia if you liked this one the 10K History in 1993 really good

    Cochrane: American International Group Inc. 10K 12/31/1993
    http://livinglies.wordpress.com/2011/05/06/cochrane-american-international-group-inc-10k-12311993/

  5. Well, 69 is appropriate.

  6. BEN Bernacke, you are BRILLANT. A true scholar, a man of great wisdom, words do not describe you. All hale the chief!!!!!!!!!!!!!!!!

    “proposed requiring banks to ensure borrowers can repay their mortgages before they give them a loan.”

    http://www.marketwatch.com/story/fed-proposes-mortgage-standard-rules-2011-04-19?link=MW_latest_news

  7. “Economists said it’s a big decision because it will pretty much ruin your credit for 10 years.”

    OK, who are these economists, names please?
    How come they don’t say something like now the person can get on with his life and use all cash to live and have a sound life going forward.

    They want you to be in debt forever and ever. What PR BS, damn pisses me off.

    http://www.koat.com/news/27640652/detail.html

  8. OBAMA and the rest of the clowns in Congress say Education is key to our future ———-ok, right.

    I think they mean key to the banks and money collecting departments survival.

    http://forex101.superworkweb.com/index.php/more-college-graduates-are-delinquent-on-repaying-student-loans.html

  9. GOOD, send your defaulted loan payments to some company and an employee pockets your money.

    THINK about it. What does this mean really. It’s all BS. Somebody buys your debt for 3 cents on the dollar and somebody pockets your money because you think your obligation is being fulfilled.

    http://www.abajournal.com/news/article/former_office_manager_pleads_guilty_to_75k_theft_from_debt_collection_law_f/

  10. “following accusations that outside debt collectors used by the bank may have caused the death of a credit-card debtor.”

    http://www.financeation.com/debt-management/citigroup-brings-debt-collection-in-house-in-indonesia/

    OH BROTHER, this is just downright bad. I really wish people knew the truth about the money system. They would realize it’s all BS and

    THEY Can Walk thru the valley of death realizing it’s all smoke and mirrors and they can have no fear.

  11. “During the first quarter of 2011, the Company invested $46.4 million to purchase charged-off consumer debt portfolios with a face value of $1,228.7 million, for a blended rate of 3.78%.”

    Blended Rated – new term by these screwballs. Take 46.4 million divided by 1228.7 million = .0378 OR they paid 3.78 cents on the dollar for charged off consumer debt.

    http://investors.assetacceptance.com/phoenix.zhtml?c=148416&p=irol-newsArticle&ID=1556501&highlight=

  12. If you cant beat them join them

    http://www.huffingtonpost.com/2011/05/06/ceo-pay-high-pre-recession_n_858430.html

    Unbelieveable.

    NEVER AGAIN

  13. […] Source: Livinglies’s Weblog […]

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