Nine Notorious Wall Street Fraud Cases


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On April 16, the SEC charged Goldman Sachs (GS) and Vice President Fabrice Tourre, with fraud alleging the bank omitted key information about a product it peddled to hedge against housing losses. Investors subsequently lost $1 billion. Goldman Sachs has denied any wrongdoing. “The SEC’s charges are completely unfounded in law and fact and we will vigorously contest them and defend the firm and its reputation.” - Goldman Sachs Statement, 04/16/2010 (Pictured : John Paulson, Paulson & Co Inc. and Goldman, CEO Lloyd Blankfein) Related: Goldman Sachs' Execs Caught Off Guard With SEC Charges READ: SEC Complaint Against Goldman SEC Charges Goldman Sachs With Fraud Video: Goldman Didn't See SEC Coming (REUTERS)

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