Criminal investigation into Goldman ?
The NY Times reports that federal prosecutors explore the feasibility of a criminal investigation into Goldman Sach’s trading. Based on the preliminary results from the SEC probe, prosecutors from the Southern District of New York started to dig into the details. Goldman executives denied all charges in a hearing this week. For a successful criminal case the prosecutors will need more specific evidence (beyond reasonable doubt) that the scheme was indeed a fraud (according to criminal law). You can expect the team to focus with their heavy hitters (or the ambitious close-to-being-big-hitters?) on such a big shot case. Let’s see if Goldman will settle this, as Wachovia did with their recent run into a criminal investigation team.
http://www.nytimes.com/2010/04/30/business/30case.html?hp
