Goldman's bid didn't disclose probe to Calpers
Date: 2010-06-01T10:32:53.887
Author: AAA Staff
Editor note: Goldman Sachs Group Inc, seeking a consulting mandate from Calpers, assured the pension fund giant in March that it was not "the target of a formal investigation," according to a document obtained by Reuters.
That was six months after U.S. securities regulators notified the powerful Wall Street bank that it was likely to be charged with fraud in connection with the underwriting and marketing of a $1 billion subprime-mortgage-linked security.
On April 16, the Securities and Exchange Commis
Teaser: oops ... they lied. At what point will it be criminal?
Number of Views: 1106
View original artilce: http://www.reuters.com/article/idUSTRE6504FR20100601
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