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The True Story Behind Goldman Sachs International!

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Published on Apr 18, 2010

Goldman Sachs defrauded investors by failing to disclose a conflict of interest on mortgage investments it sold as the housing market went sour, according to the civil complaint filed by the Securities and Exchange Commission on Friday.

Goldman allegedly failed to disclose to investors that it was betting against sub-prime mortgage investments it pushed on clients. Essentially, according to the complaint, Goldman pushed a product designed to fail.

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