IPFS News Link • Corruption
SEC accuses Goldman Sachs of civil fraud
• AP
The Securities and Exchange Commission announced Friday civil fraud charges against the Wall Street powerhouse and one of its vice presidents. The agency alleges Goldman failed to disclose that one of its clients helped create - and then bet against - subprime mortgage securities that Goldman sold to investors.
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http://www.reuters.com/article/idUSTRE63F3JX20100416