GoldmanSachs666 Message Board

According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage".[1] In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia

Thursday, May 27, 2010

US Probes Goldman's Timberwolf Deal

HuffPo Exclusive:

US Probes Goldman's Timberwolf Deal, Alleged Victim Says 'Whole Thing Was Fraudulent Concoction'

The federal prosecutors investigating Goldman Sachs are focusing on Timberwolf, the infamous "shitty deal" repeatedly cited in a tense Senate hearing last month, according to people who have been contacted by the Manhattan U.S. Attorney's office.

The probe raises the possibility of criminal charges against the storied Wall Street firm, which was charged in April by the U.S. Securities and Exchange Commission with civil fraud for allegedly misleading investors about another subprime mortgage-related security called Abacus.

Investigators from the U.S. Attorney's office have reached out to individuals involved in the deal, including David Mapley, the former independent director of an Australian hedge fund who claims that the firm collapsed shortly after Goldman sold it $100 million of securities in Timberwolf, a $1 billion collateralized debt obligation.


Read the rest here


Anonymous said...

Good should email this show to someone that does not visit here.

Keiser Report – Guillotines, Conspiracies & Social Fury!

Anonymous said...

Is this investigation going to end up like AIG's and every other case (friends in high places syndrome)? But did you see them get those 2 disney employees for $15,000---wow crime of the century...only heard about it all day on tv...maybe if the public got off their med's...they'd demand some accountability!

Anonymous said...

Most of us hope to hit the lottery, hope to recover from sickness, or hope for world peace ...NOT GOLDMAN...
when your in the rackets you hope to avoid fraud charges with the SEC


* MAY 27, 2010, 9:42 P.M. ET

Goldman Seeking to Avoid Fraud Charge in SEC Deal
Goldman Sachs Group Inc. has told the Securities and Exchange Commission that the company hopes to avoid a fraud charge as part of any settlement of last month's lawsuit against the securities firm, according to people familiar with the situation.

It isn't unusual for companies accused by the SEC to try to negotiate a lesser charge in settlement talks. While Goldman has repeatedly denied any wrongdoing, many analysts expect the company to agree to a fine and other penalties in order to resolve the suit, filed ...

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