More on James Cole: What Was He Doing at AIG? http://www.whistleblower.org/blog/31-2010/543-more-on-james-cole-what-was-he-doing-at-aig

GAP has obtained the reports of the Independent Consultant (IC) stationed at AIG as a result of a deferred prosecution agreement (DPA) between the corporation, the SEC, the Department of Justice, and the NY State Department of Insurance in 2006.

James Cole, the IC (from Bryan Cave, LLP), and current would-be nominee for Deputy Attorney General, reviewed the adequacy of AIG’s internal controls over financial reporting and recommended best practices for strengthening legal compliance. For his trouble, he and Bryan Cave were paid upwards of $20 million by AIG. In exchange for this arrangement and a $1.6 billion settlement, the charges against AIG for fraud, bid-rigging and ‘improper’ accounting practices were resolved.