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Fed Prosecutors Open Preliminary Probe into Goldman Sachs

goldman-sachs-logoBy Allan Lengel
ticklethewire.com

WASHINGTON — The Justice Department has opened a preliminary investigation into Goldman Sachs, the poster child for greed in America.

The New York Times, citing “people familiar with the matter’, said the Securities and Exchange Commission, which has filed a civil fraud suit against the financial giant, Goldman, referred the case to the U.S. Attorney’s Office in Manhattan.

The company has denied claims by the SEC that it defrauded investors.

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