Economy

April 16, 2010 11:14 AM

SEC charges Goldman Sachs with civil fraud in subprime deal

The Securities and Exchange Commission Friday charged Goldman Sachs & Co. and one of its executives with fraud in a risky offshore deal backed by subprime mortgages that cost investors more than $1 billion. The SEC also contends that Goldman allowed a client, Wall Street hedge fund Paulson & Co., to help select the securities to be sold.

Related content

Comments

Videos

More Videos

Labrador responds to Puerto Rico's debt crisis 2:32

Labrador responds to Puerto Rico's debt crisis

Frequent-Flyer-in-Chief: President Obama's most historic foreign trips 3:23

Frequent-Flyer-in-Chief: President Obama's most historic foreign trips

Heroin antidote becomes available without prescription 1:45

Heroin antidote becomes available without prescription

Beaufort High School student visits U.S. Capitol 0:54

Beaufort High School student visits U.S. Capitol

Highlights from the House Democrats’ 26-hour sit-in 2:43

Highlights from the House Democrats’ 26-hour sit-in

After sit-in ends, Jim Clyburn talks about his friend John Lewis 0:54

After sit-in ends, Jim Clyburn talks about his friend John Lewis

Sanders: ‘It doesn’t appear that I’m going to be the nominee’ 3:10

Sanders: ‘It doesn’t appear that I’m going to be the nominee’

Clinton rails against Trump economic policy, defends Clinton Foundation 4:08

Clinton rails against Trump economic policy, defends Clinton Foundation

Clinton proudly claims the woman card in Raleigh stump speech 0:29

Clinton proudly claims the woman card in Raleigh stump speech

Kelsey Smith’s parents watched with hope, but bill named for slain daughter was doomed in Congress 2:57

Kelsey Smith’s parents watched with hope, but bill named for slain daughter was doomed in Congress

Democrats disrupt House, stage sit-in to force gun control vote 2:14

Democrats disrupt House, stage sit-in to force gun control vote

Share Video

Editor's Choice Videos