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Sunday, August 07, 2016

Goldman Sachs Slapped With $36.3 Million Fine In Fed Case Over Stealing Secrets

http://www.techtimes.com/articles/172673/20160805/goldman-sachs-slapped-with-36-3-million-fine-in-fed-case-over-confidential-information-leak.htm

Goldman Sachs will cash out $36.3 million in fines to settle an allegation that it used illegally leaked materials from the Federal Reserve. The civil settlement was unveiled on Aug. 3 by the Fed, which claims that a Goldman Sachs executive orchestrated a system to get regulatory secrets and make use of them inside the bank. According to the charges, the executive tapped into confidential Fed information between 2012 and September 2014. According to the Fed, Goldman's business directly benefited from the leaked confidential data

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