Goldman Sachs fined $3 billion

Noseweek Issue #249, 1st December 2020   By Spencer Woodman


Goldman Sachs fined $3 billion

A meaningful punishment for a major financial crime?

In October, the U.S. Department of Justice announced a landmark settlement with banking giant Goldman Sachs over its participation in a bribery scheme that syphoned hundreds of millions from Malaysian public coffers. The bank agreed to pay nearly $3 billion to authorities in multiple countries, and agreed to have its Malaysian subsidiary plead guilty in a Brooklyn (New York) court to conspiring to violate U.S. bribery laws.

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Keywords:
Goldman Sachs
JPMorgan
Money Laundering
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Submitted by : beachcomber on 2020-12-12 14:55:07
The 1% yet again .... follow the money - in any situation from Brexit to Zondo.

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