Fraud, Securities Fraud | featured news

Goldman CEO hires high-profile defense attorney

Goldman Sachs Chief Executive Lloyd Blankfein has hired Reid Weingarten, a high-profile Washington defense attorney whose past clients include a former Enron accounting officer, according to a government source familiar with the matter.

 

JPMorgan to Pay $153.6M to Settle Fraud Charges

Investors who were misled into purchasing complex mortgage securities just before the housing market collapsed will receive all their money back.

 

AIG Agrees to $725 Million Settlement of Securities Suit

American International Group Inc. agreed to pay $725 million to settle a long-running securities lawsuit alleging that the company several years ago engaged in insurance bid-rigging and inflated its stock price and insurance reserves.

Senh: If AIG were engaged in securities fraud and manipulating its stock price, shouldn't the execs be in jail? This just sounds like they paid their way out of prison. Martha Stewart got jail time for insider trading that amounted to a difference of just tens of thousands of dollars, AIG probably defrauded investors out of billions.

 

Goldman Sachs e-mails show bank sought to profit from housing downturn

Goldman Sachs e-mails show bank sought to profit from housing downturn

A Senate investigation into the financial crisis has found that Goldman Sachs, the storied Wall Street investment bank, sought to profit from the historic decline in housing prices by betting against the US mortgage market.

 

Rep Frank says Goldman case helps financial reform

Rep Frank says Goldman case helps financial reform

Representative Barney Frank said on Monday that securities regulators' fraud case against Goldman Sachs increases the chance that financial reform will pass.

 

S.E.C. Sues Goldman Over Housing Market Deal

S.E.C. Sues Goldman Over Housing Market Deal

In a civil suit filed Friday, the S.E.C. accused the investment bank of securities fraud over a deal in which Goldman profited from bets against products it sold to customers.

 

Hedge Fund Executive Guilty of Securities Fraud

Barrett Wissman is the first investment executive to be implicated in an investigation of corruption at the New York state pension fund.

 

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