Democracy Now: Goldman Sachs Faces Criminal Probe

Federal prosecutors have reportedly opened a criminal investigation into the Wall Street giant Goldman Sachs. The firm is under scrutiny for marketing mortgage securities to clients while simultaneously betting the securities would fail. The U.S. attorney’s office in Manhattan is said to be carrying out the probe. The Securities and Exchange Commission filed a civil suit against Goldman this month and is said to have referred its case to federal prosecutors.

~ by wheresthemic on April 30, 2010.

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