Goldman Is Charged With Subprime Fraud

The SEC charged Goldman Sachs and one of its vice presidents with defrauding investors by misstating and omitting key facts about a CDO tied to subprime mortgages. "The product was new and complex but the deception and conflicts are old and simple," the SEC's enforcement chief said. Goldman said the charges were completely unfounded.

Topics:  goldman sachs   cdo   sec   charged   subprime   fraud   

 

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