Friday, April 16, 2010

Goldman Sachs 'fraud' & a Parallel to SUN 1031?

Regarding today's announcement of civil charges against Goldman Sachs via the Security and Exchange Commission (SEC). Though civil charges at the moment, criminal charges may be following.

The two statements from the SEC that's of interest for us:

"defrauding investors by misstating and omitting key facts about a financial product ..."

and...

"defrauding investors by failing to disclose conflicts of interest".

something to think about, wouldn't you say?