Justice Department opens Goldman Sachs criminal investigation, sources say |
| Washington Post - Apr 30, 2010 |
The Justice Department has opened a criminal investigation into possible securities fraud in mortgage trading at Goldman Sachs, law enforcement sources said Friday.
The U.S. attorney's office in Manhattan and the FBI are conducting the probe, which sources said has been underway for weeks. The sources, who spoke on the condition of anonymity because the investigation has not been publicly disclosed, said no charges -- or a decision on whether to file them -- are imminent.
The Securities and Exchange Commission filed a civil securities fraud case against the firm two weeks ago, and a source familiar with the matter said the SEC had referred that investigation to the Justice Department for possible criminal prosecution. But law enforcement sources said the probe by the Manhattan U.S. attorney's office -- which is known for aggressively investigating financial fraud cases -- was not based on an SEC referral and was underway before the SEC announced the civil case April 16.
Read Full Article from Washington Post
- Posted: 2010-04-30 13:12:25
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