In this episode of the Kaiser Report, Max talks to Gary Rivlin, author of Broke, USA.
He says Goldman is a major player in the subprime credit card industry. I guess it shouldn't come as a surprise to anyone that Goldman is keeping company with other loansharks and financial slumlords like payday lenders.
Here's a link to the part I'm talking about.
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". 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