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

Monday, June 7, 2010

Goldman Sachs Subpoenaed

RawStory brings this latest news:

A high profile panel investigating the causes of the financial crisis announced Monday it had subpoenaed Goldman Sachs for failing to cooperate with the probe.
"The Financial Crisis Inquiry Commission has issued a subpoena to Goldman Sachs & Co. for failing to comply with a request for documents and interviews in a timely manner," the body said in a statement.
It is the latest controversy for the New York-based bank, which is facing civil and potentially criminal charges for misleading investors.
"The Commission has made it clear that it is committed to using its subpoena power if there is a lack of, or delay in, compliance," the commission's chair Phil Angelides said in statement.
"Failure to comply with a Commission request is viewed with the utmost seriousness, as the Commission will not be deterred from getting desired information."


Read the rest here


JR said...

Goldman Sachs May Explain PPT's Vanishing Act: Caroline Baum

JR said...

Another summary of GS activities:

Goldman Sachs: the bank that thought it ruled the world

JR said...

Final act begins in U.S. Congress on Wall St reform

Anonymous said...

Goldman Deserves Regulatory Probe in Bloomberg Subscriber Poll

June 8 (Bloomberg) -- Goldman Sachs Group Inc. is being “legitimately scrutinized” by regulators who sued the firm for fraud based on conduct that many in the industry consider to be common practice, according to a Bloomberg survey.

Asked for their opinion of the SEC fraud suit, 61 percent of respondents replied that the firm “is being legitimately scrutinized,” while 29 percent answered that the company “is being unfairly vilified.” The remainder were undecided

Anonymous said...

Read the comments in this article.

It's amazing that all Angelide's can do is "denounce"? I mean make believe it was john q schmuck that pulled this crap on you and your'd drive him into the ground....Goldman wants to know how much to resolve your differences? All non traceable of course...

As usual the FICC WILL DO ____!

Goldman Accused of Stalling by Panel
WASHINGTON—A commission probing the financial crisis denounced Goldman Sachs Group Inc., saying the firm first dragged its feet over requests for information then dumped hundreds of millions of pages of documents on the panel.

Post a Comment