Goldman Sachs has mounting legal woes

Recent Cases

Goldman Sachs' legal headaches don't start and end with the Securities and Exchange Commission.

Reports surfaced late Thursday that federal prosecutors have opened a criminal investigation into Goldman and its employees, over whether it may have committed securities fraud in its mortgage trading operations.

A representative for the firm would not confirm reports of an inquiry, but said they were not surprised given the scrutiny the firm has endured in recent weeks, adding they would cooperate with any requests for information.

The latest legal action builds on the high-profile civil case brought against the company last month by the SEC, in which the agency charged the firm and one of its employees with defrauding investors in the sale of securities tied to subprime mortgages.

In many ways, the agency's case has become a game changer for Goldman. Not only has it tarnished the gilded reputation of Wall Street's top firm, it also exposed the company to series of new legal attacks across a number of fronts.

Since the SEC announcement, top German and British officials, including UK Prime Minister Gordon Brown, have demanded investigations into the firm's dealings, opening the door to additional regulatory probes.

Related listings

  • Enron law firm sues Goldman Sachs

    Enron law firm sues Goldman Sachs

    Recent Cases 04/27/2010

    The law firm that won Enron investors $7.2 billion in what was one of the largest class action suits in the history of securities law filed charges against Goldman Sachs on Monday.Robbins Geller Rudman and Dowd filed the lawsuit in U.S. district cour...

  • Miami-Dade clinic operator pleads guilty to Medicare fraud

    Miami-Dade clinic operator pleads guilty to Medicare fraud

    Recent Cases 04/12/2010

    Ihosvany Marquez spent his Medicare millions on a fleet of luxury cars, authorities say, including a Lamborghini Murcielago with spaceship-like doors that cost $455,959.Early Monday, he pleaded guilty in Miami federal court to healthcare fraud charge...

  • Failed mobile phone dealer ran law firm, say staff

    Failed mobile phone dealer ran law firm, say staff

    Recent Cases 02/22/2010

    The former owner of two failed companies was the person in “de facto” charge of Cheadle-based law firm Wolstenholmes prior to its collapse in December, Crain's has discovered.Ex-staff who spoke on condition of anonymity said that Wasim Saddique, who ...

Chicago Business Fraud Attorney

Business Fraud can take many forms. In the broadest terms, a fraud occurs when someone intentionally deceives others for personal gain. Many times business fraud is harmful and recovery is necessary. Losing your personal or business’s assets can devastate your entire life. Contact Roth Law Groupto receive help on restoring your business to normalcy before you were victimized with fraud. Business fraud cases can involve multiple people and complicated schemes aimed at deceiving the public, auditors, investigators, or others. Whether you are dealing with corporate fraud or commercial fraud, we can step in and fight back to receive compensation that you deserve.

At Roth Law Group we are devoted to prosecuting and defending the legal rights of individuals and small businesses, as either plaintiff or defendant. Proving fraud can be extremely difficult. To have a successful business fraud case, one must prove that the defendant purposefully set out to defraud the victim. Fraud cases are being investigated more aggressively than ever. With increasing federal regulation and scrutiny of corporate practises, many individuals and businesses find themselves the subject of business fraud investigations.

Business News

Clayton, MO Federal Criminal Defense Attorney The Law Offices of John M. Lynch, LLC, provides strong representation for clients with federal criminal defense. >> read