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The Franklin Files -> News & Media -> BREAKING on CNBC: Goldman Sachs Accused of FRAUD and Charged by SEC
Post Info TOPIC: BREAKING on CNBC: Goldman Sachs Accused of FRAUD and Charged by SEC
Franklin


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BREAKING on CNBC: Goldman Sachs Accused of FRAUD and Charged by SEC
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U.S. charges Goldman Sachs with civil fraud
Civil suit claims Goldman sold securities that were designed to fail

BREAKING NEWS

updated 6 minutes ago

WASHINGTON - The government is accusing Wall Street powerhouse Goldman Sachs & Co. of defrauding investors in its disclosures about securities it sold tied to subprime mortgage securities as the housing market was faltering.

The Securities and Exchange Commission announced Friday civil fraud charges against Goldman Sachs and one of its vice presidents. The agency alleges that the company marketed complex subprime mortgage securities and failed to disclose to investors that a major hedge fund had bet against the securities.


http://www.bloomberg.com/apps/news?pid=20601087&sid=aMVnYAF6bYCw&pos=2

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Franklin


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-- Edited by Franklin on Saturday 17th of April 2010 02:37:14 PM

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The Franklin Files -> News & Media -> BREAKING on CNBC: Goldman Sachs Accused of FRAUD and Charged by SEC


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