Spitzer found AIG guilty, and fined them $1 billion

After the September 11 attacks, AIG and Marsh & McLennan were investigated for laundering hundreds of billions of dollars off the tops of insurance quotes that were beefed up prior to September 11, 2001. Eliot Spitzer, then attorney general of New York, conducted the investigation. Spitzer found AIG guilty, and fined them $1 billion. $1 billion is less than 1% of the hundreds of billions profited by AIG and Marsh & McLennan in the insurance scheme.