- Nov 21, 2006
- The OC
- 2020 Kia Telluride, 2015 911 Turbo, Tesla Model Y
Apparently he and many other wealthy briton's got royally screwed when AIG decided to shut down one of their funds
Thousands of Britain's richest investors stand to lose as much as 25 per cent of what they believed to be a "low-risk" investment, after a run on an AIG investment fund forced the troubled insurer to take emergency measures to close the portfolio down.
The television presenter Jeremy Clarkson is known to be one of those who may lose out, after he was advised to transfer a large sum of money into the troubled fund, just weeks before it ran into trouble.
In a recent newspaper article, Mr Clarkson vented his fury about the situation. "I made strenuous efforts to get my money out of AIG as soon as the scale of its problems became apparent. But it wasn't possible. Inwardly I was screaming. It's my money. I gave it to you. You've squandered it on a Mexican's house in San Diego and a stupid football team and that's your problem. Not mine."