Goldman Sachs fraud News

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Britain Slaps Goldman Sachs With $27 Million Fine

LONDON (Sept. 9) -- Britain's financial watchdog this morning slapped Goldman Sachs with a $27 million fine, after the Wall Street giant failed to tell the regulator that it was under investigation for fraud in the U.S. The penalty -- the second-largest ever issued by Britain's Financial Services Authority -- is yet...

Goldman Sachs Fraud Case Settlement Q&A

(July 16) -- Here's the lowdown on the biggest fine ever handed to a bank -- $550 million against Goldman Sachs -- by finance watchdog the Securities and Exchange Commission: What Did Goldman Do Wrong? In April, the SEC charged Goldman with failing to disclose "vital information" when it marketed bundled subprime mortgage...

Senators Assail Goldman on Conflicts of Interest

ANALYSIS (April 27) -- An increasingly frustrated Republican Sen. Susan Collins wanted a yes-or-no answer. Did Fabrice Tourre, the Goldman Sachs executive accused of securities fraud in a government lawsuit against the firm, think Goldman owed a good-faith effort to all the company's investors? "I understand that you do...

Financial Reform Puts Republicans on the Spot

(April 26) -- Even as they lost today's Senate vote on overhauling financial regulation, the Democrats expected to get a win. They probably did. The chamber's Republicans held together in opposing a vote to let debate on the measure proceed toward a final roll call, depriving Democrats of the needed 60 votes to override...

Opinion: Some Really Useful Advice for Goldman Sachs

(April 21) -- Dear Goldman Sachs, So, you've been caught cheating. You sorta committed fraud, kinda misled investors, maybe accelerated the financial collapse. Don't panic. It's going to be all right. You're going to survive. There have been many Great Cheaters before you and I've studied them all. Here are the lessons...

Goldman Sachs fraud News From the Web

01/06/11 ACA Financial Guaranty Sues Goldman Sachs for Fraud Source: Bloomberg.com ACA Financial Guaranty Corp. sued Goldman Sachs Group Inc . for at least $120 million, alleging fraud and unjust enrichment in connection with a mortgage-linked investment that last year led to a $550 million settlement between the bank and U.S. Securities and Exchange Commission.