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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: James Hutton who wrote (244363)4/16/2010 11:11:46 AM
From: stockman_scottRead Replies (1) of 306849
 
SEC Sues Goldman Sachs, Alleging Fraud in CDO Tied to Subprime

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.

To contact the reporter on this story: Gregory Mott in Washington at gmott1@bloomberg.net

Last Updated: April 16, 2010 10:42 EDT
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