SEC Charges Goldman Sachs With Fraud in Structuring and Marketing of CDO Tied to Subprime Mortgages

FOR IMMEDIATE RELEASE 2010-59 Washington, D.C., April 16, 2010 — The Securities and Exchange Commission today charged Goldman, Sachs & Co. and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter. Additional Materials … Read more

Here we go!!! U.S. Accuses Goldman Sachs of Fraud Mortgage Investment Was Designed to Fail, Agency Says

Brendan McDermid/Reuters The new Goldman Sachs global headquarters in Manhattan.   By LOUISE STORY and GRETCHEN MORGENSON Published: April 16, 2010 Readers’ Comments Share your thoughts. Post a Comment » Read All Comments The move marks the first time that regulators have taken action against a Wall Street deal that helped investors capitalize on the … Read more