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GAAP.RUNewsSEC caught Goldman Sachs on financial securities

SEC caught Goldman Sachs on financial securities

Publication date: 19 April 2010

The Securities and Exchange Commission has filed a civil suit against Goldman Sachs in relation to financial fraud. In 2004-2007, when the credit market was active, the investment bank placed 23 issues of financial securities known by the name “Abacus”.

The Securities and Exchange Commission has filed a civil suit against Goldman Sachs in relation to financial fraud: in 2004-2007, when the credit market was active, the investment bank placed 23 issues of financial securities known by the name “Abacus” (the US Treasury Secretary Henry Paulson proposed the bank to issue those financial securities).