SEC accuses Goldman Sachs of civil fraud
WASHINGTON (AP) – The government is accusing Wall Street powerhouse Goldman Sachs & Co. of defrauding investors in its disclosures about securities it sold tied to subprime mortgage securities as the housing market was faltering.
The Securities and Exchange Commission announced Friday civil fraud charges against Goldman Sachs and one of its vice presidents. The agency alleges that the company marketed complex subprime mortgage securities and failed to disclose to investors that a major hedge fund had bet against the securities.
Goldman Sachs shares fell 7.4 percent.
Secret Witness turns 40 this year – and it’s helped solve many of Northern Nevada’s most violent crimes
Secret Witness tips have played a pivotal role in solving some of the most violent crimes the greater Northern Nevada region has seen. To date, Secret Witness has paid out more than $300,000 in rewards to anonymous tipsters. Rewards range from $50 (graffiti/tagging) to $1,500 (armed robbery) to $2,500 (murder).