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04-27-2011, 04:32 PM #1
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Goldman Sachs Latest Fraud Question
I'm doing a presentation for my business law class on the Goldman Sachs ABACUS (sub-prime mortgage CDO) fraud and I am not able to find what event(s) led to its discovery/uncovering by the SEC.
If anyone knows and would be willing to share, that'd be awesome. Also if you have a source website please include that as well. Thanks so much!"A successful man is one who can lay a firm foundation with the bricks others have thrown at him. "
~David Brinkley
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04-27-2011, 04:38 PM #2
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Goldman’s Abacus lies | Felix Salmon
SEC Charges Goldman Sachs With Fraud in Structuring and Marketing of CDO Tied to Subprime Mortgages; 2010-59; April 16, 2010
And a direct link to the PDF with all the claims against them:
http://www.sec.gov/litigation/compla...-pr2010-59.pdf
Didn't look into it, but did a quick Google search. Hope that helps.
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