Tag:
Indictment
Latest Headlines
Latest Headlines
SEC sues Goldman Sachs for fraud related to ABACUS CDO
In a move that has Wall Street riveted, the SEC ( SEC news) has sued Goldman Sachs ( NYSE: GS ) for fraud related to a single synthetic CDO ( CDO news), ABACUS 2007-AC1, charging that the firm failed to disclose to investors that its decisions about the specific credit default swaps ( CDS
Madoff scheme continues to unfold
There's a lot of nervousness in the Bernard Madoff orbit right now. Madoff has tried to portray himself as the sole mastermind behind the massive scheme, but prosecutors and investigators are not buying it. With the indictment of David Friehling, Madoff's auditor for nearly 20 years, the governmen
