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Tag Archives: fraud

SEC Sues Goldman for Fraud

Saturday, April 17, 2010

The SEC’s civil fraud suit against Goldman Sachs and Goldman employee Fabrice Tourre, filed yesterday in federal court in New York, alleges the defendants made “materially misleading statements and omissions in connection with a synthetic collateralized debt obligation (“CDO”) GS&Co structured and marketed to investors.”   The structured-investment’s value was tied to performance of a portfolio [...]

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You Be the Ethics Board

Friday, January 22, 2010

Illinois lawyer Loren Friedman changed the Bs and Cs on his law-school transcript to As and Bs and landed a summer associate job at Sidley Austin, the large corporate Chicago law firm.  Years later, when Friedman was working as an associate in a firm in New York, Sidley Austin discovered the lie.  Friedman admitted his [...]

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