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 SEC Sues Goldman Sachs, Alleging Fraud in CDO Tied to Subprime

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PostSubject: SEC Sues Goldman Sachs, Alleging Fraud in CDO Tied to Subprime   SEC Sues Goldman Sachs, Alleging Fraud in CDO Tied to Subprime Icon_minitimeFri Apr 16, 2010 2:51 pm

By Gregory Mott
April 16 (Bloomberg) -- The U.S. Securities and Exchange Commission today sued Goldman Sachs Group Inc., accusing the company and one of its vice presidents of defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages.
The SEC announced the case in an e-mail release.
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