Thursday, April 29, 2010

US considers criminal charges for Goldman Sachs

http://www.marketwatch.com/story/us-considers-goldman-sachs-criminal-charges-wsj-2010-04-29?reflink=MW_news_stmp LOS ANGELES (MarketWatch) -- U.S. federal prosecutors are looking into whether to charge Goldman Sachs Group Inc. /quotes/comstock/13*!gs/quotes/nls/gs (GS
156.10, -4.14, -2.58%) or its employees with criminal securities fraud, according to a Wall Street Journal report Thursday, citing unnamed sources. Goldman Sachs already faces a civil fraud suit from the Securities & Exchange Commission, but the report said the Manhattan U.S. Attorney's Office is investigating whether to pursue criminal charges as well, dealing with the firm's previous mortgage trades. The report said which particular Goldman deals are being scrutinized is still unknown