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Goldman Sachs (GS) announces it's under investigation by the SEC in connection with an act of...

Goldman Sachs (GS) announces it's under investigation by the SEC in connection with an act of bribery, with reports saying the infraction relates to the firm's dealing with a Libyan fund. The focus is on a $50M fee Goldman proposed to forward to an advisor to help a fund recoup losses, a payment that could be a violation of the U.S. Foreign Corrupt Practices Act.
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Comments (1)
  • EMS
    , contributor
    Comments (582) | Send Message
     
    "Corrupt practices", = GS. That sums it up.
    10 Aug 2011, 07:58 AM Reply Like
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