Welcome to the San Gold HUB on AGORACOM

San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

Reply New Message

Back To Forum List View

alanwi111

Rank: Treasurer [?]

Points: 570 [?]

Votes: 18 Score: 2.7 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Sec charges Goldman Sachs with fraud

posted on Apr 16, 2010 01:13PM

Posted on 321 gold

SEC charges Goldman Sachs with fraud

By Colin Barr, senior writerApril 16, 2010: 12:59 PM ET

(Fortune) -- The Securities and Exchange Commission on Friday charged Wall Street's most gilded firm, Goldman Sachs, with defrauding investors in a sale of securities tied to subprime mortgages.

The SEC said it charged New York-based Goldman (GS, Fortune 500) and a vice president, Fabrice Tourre, for their failure to disclose conflicts in a 2007 sale of a so-called collateralized debt obligation. Investors in the CDO ultimately lost $1 billion, the SEC said.

2 Recommendations

Re: Sec charges Goldman Sachs with fraud

mercury19

Apr 16, 2010 10:29PM

Reply New Message

Back To Forum List View

Please to post a reply