Goldman Sachs to pay $50M fine over documents scandal

I guess the buck doesn’t stop at the top for responsibility. Whatever happened to knew or should have known?

Justice League

This time, the revolving door smacked Goldman Sachs on the backside.

Lloyd Blankfein’s bank is expected to pay a roughly $50 million fine and an ex-banker is expected to plead guilty to federal criminal charges that he took confidential documents from the Federal Reserve Bank of New York, The Post has learned.

The civil penalties against Goldman are among the harshest ever levied by New York. The settlement is being ironed out between Goldman and the Department of Financial Services.

Read on.

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2 thoughts on “Goldman Sachs to pay $50M fine over documents scandal

  1. Steal a dollar. Pay back a penny. Nice work if you can get it. Gary

    DUBIN LAW OFFICES Suite 3100, Harbor Court 55 Merchant Street Honolulu, Hawaii 96813

    Office: (808) 537-2300 Cellular: (808) 392-9191 Facsimile: (808) 523-7733 Email: gdubin@dubinlaw.net

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