Goldman Sachs (GS) agrees to pay nearly $12M to settle a pay-for-play scheme in which it...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Goldman Sachs (GS) agrees to pay nearly $12M to settle a pay-for-play scheme in which it was charged with making undisclosed campaign contributions to the then-Massachusetts state treasurer while he ran for governor. Instead of cash, says the SEC, a Goldman banker - Neil Morrison - used his office to essentially run a campaign operation for Tim Cahill. The case against Morrison is still pending.