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Goldman Settles With SEC Over Fraud Charges

by Jim Zarroli, NPR
July 16, 2010

Goldman Sachs has agreed to pay $550 million to settle SEC charges that it defrauded investors. In 2007, Goldman worked with a hedge fund manager to set up an investment that allowed investors to bet on the housing boom. It didn't tell investors that it had allowed the hedge fund manager to select many of the mortgages that made up the security.

Broadcast Dates

  • Morning Edition, July 16, 2010
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