Goldman Sachs Stock Fraud News Articles

2/23/02 - Firms Examine Ties To Goldman After IPO Scandal
USA Today - David Kiley and Matt Krantz
IVillage says it will consider its founder's personal ties with Goldman Sachs in deciding the company's future investment-banking assignments, the latest corporate reaction to congressional investigators' recent disclosures of possible conflicts of interest between prominent executives and one of Wall Street's leading firms.

12/08/02 - Ford And Goldman, So Cozy At The Top
The New York Times - LANDON THOMAS JR.
When a Congressional committee in October revealed the many ties between Wall Street firms and their clients, one of its noteworthy findings concerned the Goldman Sachs Group. It had allocated shares from its 1999 initial public offering to William Clay Ford Jr., the chairman and chief executive of the Ford Motor Company. By the next day, the actual number leaked 400,000 shares, by far the largest individual award, worth $52 million at its peak and $29.8 million now.

11/28/02 - Wall St. Firms Looking To Trim Fines
New York Daily News - DANIEL DUNAIEF
Let the real negotiations begin.

11/26/02 - Goldman Informed Of Fine In Probe
The Washington Post - Ben White
Regulators today asked Goldman Sachs Group Inc. to pay approximately $75 million to settle conflict-of-interest allegations, sources said. The request came as meetings between regulators and a dozen of Wall Street's largest firms regarding a "global settlement" of multiple investigations continued.

11/24/02 - Goldman Sachs Denies UK 'Spinning'
Reuters -
Goldman Sachs on Sunday strongly denied a British newspaper report that challenged the integrity of its stock research and alleged it gave privileged access to favored clients in a British share float.