Shares of Goldman Sachs Group 9 percent on Friday after word that the Justice Department opened a criminal investigation to force Wall Street deals, mortgage securities it arranged.
Criminal investigation following civil fraud charges filed against the government two weeks ago, Goldman and Congress is pushing comprehensive legislation designed to prevent another near-collapse of the financial system.
Investigation by the U.S. attorney’s office in Manhattan, stems from a criminal referral to the Commission on securities and stock exchanges, a person familiar with Thursday. The person spoke on condition of anonymity because the investigation is at a preliminary stage.
Bring SEC civil fraud charges against Goldman trader in connection with transactions in 2006 and 2007. Alleged agency quoted the company misled investors not to tell them the mortgage securities has been chosen with the help of Goldman hedge fund client, Paulson & Co., which had been betting on investment will fail. Goldman denied the dealer, and Fabrice Tourre and sin, and said they would object to the allegations in court.
Criminal investigation following civil fraud charges filed against the government two weeks ago, Goldman and Congress is pushing comprehensive legislation designed to prevent another near-collapse of the financial system.
Investigation by the U.S. attorney’s office in Manhattan, stems from a criminal referral to the Commission on securities and stock exchanges, a person familiar with Thursday. The person spoke on condition of anonymity because the investigation is at a preliminary stage.
Bring SEC civil fraud charges against Goldman trader in connection with transactions in 2006 and 2007. Alleged agency quoted the company misled investors not to tell them the mortgage securities has been chosen with the help of Goldman hedge fund client, Paulson & Co., which had been betting on investment will fail. Goldman denied the dealer, and Fabrice Tourre and sin, and said they would object to the allegations in court.
0 comments:
Post a Comment