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StarK & Stark Shareholder Comments on Goldman Sachs Fraud Charges

By Stark & Stark

Bill Singer, Shareholder in Stark & Stark's Securities Group, was quoted in the April 21, 2010 CNBC article, Major Issue in Goldman Case: Was There Really Any Fraud?
 

Last week, the United States Securities and Exchange Commission charged Goldman Sachs with civil fraud stating that they defrauded investors in its disclosures about securities it sold tied to subprime mortgage securities as the housing market was faltering. The SEC claims that Goldman Sachs did not disclose to ACA Capital Management, and another key investors, that hedge fund manager John Paulson was betting against the mortgages at the same time Paulson was helping put the portfolio together. However, recently doubt has centered on whether or not Goldman needed to tell investors who bought into the package of home loans that Paulson had helped select the securities and stood to benefit if they would drop in value.

You can read the full article online here.

Full post as published by New Jersey Law Blog on April 21, 2010 (boomark / email).