GOLDMAN WINS AGAIN! Settles With SEC For Chump-Change $550 Million
Courtesy of Courtney Comstock at Clusterstock
CONFIRMED: Goldman will settle for $550 million.
This looks like a huge win for Goldman.
Although Goldman will admit it included misleading information in Abacus materials, the investment bank will NOT admit to any major wrongdoing.
And — the figure is smaller than initial reports that were around $1 billion. So it comes off looking like it’s better for Goldman than the SEC. $550 million is still a big chunk of change though — the biggest settlement against a Wall Street firm in the history of the SEC.
What’s The Real Cost To Goldman? >
Was It Goldman Or BP That Saved The Close? >
Check Out: The Winners And Losers From Goldman Sachs Fraud Case Settlement >
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