AIG

FORMER EAST COUNTY EDITOR AND CONGRESSIONAL CANDIDATES FILE LAWSUIT TO FORCE RETURN OFTAXPYERS’ BAIL-OUT FUNDS PAID TO BIG FINANCIAL INSTITUTIONS

“$40 billion has been stolen. Let’s get it back.” – Mike Aguirre

 

Plaintiffs ask public to urge Senators to press Dept. of Justice to join suit; say federal government should recover bailout funds to reduce deficit instead of slashing Medicare and Social Security

Story and photos by Miriam Raftery

July 7, 2011 (San Diego) – Derek Casady, former editor of the Daily Californian newspaper in East County and his wife, Nancy, have filed a lawsuit against several of the world’s biggest financial institutions alleging that AIG and others engaged in fraudulent practices and misled the federal government to get bail-outs. The suit documents fraudulent practices alleged in detail. It also seeks return of bailout monies paid for with taxpayers’ money—plus triple damages and a jury trial.