Fwd: News Alert: S.E.C. Accuses Goldman Sachs of Fraud

> S.E.C. Accuses Goldman Sachs of Fraud on Mortgage Deals
>
> Goldman Sachs, which emerged relatively unscathed from the
> financial crisis, was accused of securities fraud in a civil
> suit filed Friday by the Securities and Exchange Commission,
> which claims the bank created and sold a mortgage investment
> that was secretly devised to fail.
>
> The move marks the first time that regulators have taken
> action against a deal that helped investors capitalize on
> collapse of the housing market. Goldman itself profited by
> betting against the very mortgage investments that it sold to
> its customers.
>
> Read More:
> http://www.nytimes.com?emc=na
>
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