Incriminating emails obtained in Goldman Sachs case
US Senate considers charges that Goldman Sachs profited on client losses during housing market collapse.
April 27, 2010 8:50 by Katherine Azmeh
Authorities have obtained email correspondence in the Goldman Sachs case, according to the BBC Tuesday.
Earlier this month, the US Securities and Exchange regulatory authority filed fraud charges against the firm, alleging Goldman’s mortgage investment schemes involved conflicts of interest.
Now, a trail of email evidence suggests that the prestigious investment bank believed that the mortgage market was on the verge of collapse, yet continued to sell so-called ‘toxic’ securities to clients.