Goldman Denies Madoff Due Diligence

| About: Goldman Sachs (GS)

Goldman Sachs spokesman Lucas van Praag writes:

You have been misled and, as a result, have misled your readers. Goldman Sachs did not work for Mass Mutual/Oppenheimer[Funds] on the purchase of Tremont Advisors. We acted for a third party interested in bidding against Mass Mutual. Because we were not allowed to conduct any due diligence we advised our client against proceeding. Please withdraw your story and set the record straight as soon as possible.

NakedShorts is not in the business of misleading his readers and has removed the article ‘Goldman's D-e-e-e-e-p Look at Madoff’ published earlier today. Updates as and when. And, while it wasn’t asked for, apologies to Goldman Sachs for what seems to have been unjust finger-pointing.

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