FBI, Justice Department Trying to Determine Role Goldman Sachs Played in Corruption Case
At this point, the inquiry does not suggest criminal wrongdoing by Goldman Sachs.
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FBI Agent Who Took Down Madoff Becomes Goldman Sachs’ New Cop
By Steve Neavling ticklethewire.com An FBI agent who has been integral in dozens of insider-trading convictions and oversaw the Bernie Madoff trial is now working for Goldman Sachs Group, Bloomberg reports. Patrick Carroll, 50, who spent nearly 25 years with the bureau, has become the vice president of Goldman Sach’s compliance, surveillance and strategy group….
Wrongfully Convicted Man Sues FBI Agents Who Helped Send Him to Prison
By Steve Neavling ticklethewire.com A computer programmer who was wrongfully convicted of stealing trading codes from Goldman Sachs Group Inc. in 2009 is suing the FBI agents who helped put him in prison, Bloomberg reports. Sergey Aleynikov, who inspired Michael Lewis’s best-seller “Flash Boys,” claims in the lawsuit that agents violated his constitutional against unreasonable…
Justice Department: No Evidence for Charges Against Goldman Sachs
Steve Neavling ticklethewire.com Federal authorities closed two investigations into mortgage deals at Goldman Sachs, the Justice Department announced in a rare statement late Thursday, Reuters reports. Although federal prosecutors are typically loathe to publicize the closing of a case, they issued a statement announcing that no illegal activity was found. “The department and investigative agencies…
Feds Land Big Insider Trading Conviction With Rajat Gupta
By Steve Neavling ticklethewire.com A federal crackdown on illicit trading on Wall Street netted its latest catch with the conviction of Rajat Gupta, a business insider and former board member of Goldman Sachs Group Inc., Reuters reports. Gupta was convicted Friday on charges that he leaked confidential information about Goldman Sachs during the peak of…
Fed Prosecutors Open Preliminary Probe into Goldman Sachs
By 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…