Goldman thrives on secrecy and opaqueness.
US judge freezes Goldman Sachs account over 'suspicious' Heinz trading
By Bloomberg News - The National
A US judge froze a Goldman Sachs account that regulators say was used to make suspicious trades in H J Heinz, after unknown traders failed to appear in court to defend their claims to the assets.
When the unidentified traders didn't show up at a hearing on Friday in Manhattan, a US district judge, Jed Rakoff, said he would grant the US Securities and Exchange Commission's (SEC) request to freeze the Goldman Sachs account in Zurich until the case was resolved.
"They can hide, but their assets can't run," Mr Rakoff announced, saying he had granted the SEC's request and signed the freeze order.
The agency said in its complaint that the trades came a day before Warren Buffett's Berkshire Hathaway and 3G Capital announced the US$23 billion (Dh84.4bn) takeover of Pittsburgh-based Heinz. The suspicious trading involved call-option contracts, the SEC said.