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Are they? The article says they have one guilty plea and have charges against another. And they are still investigating GS (and other banks). From the article:
by wholien 8y ago
Are they? The article says they have one guilty plea and have charges against another. And they are still investigating GS (and other banks).
From the article:
> The authorities said that at least one high-ranking executive in the bank’s Asian operations was aware of the scheme, which dodged Goldman’s systems to detect the payment of bribes. That person, unidentified in the court filings, has not been charged. According to three people familiar with the matter, the executive was Andrea Vella, who was the co-head of Goldman’s Asian investment banking business.
>Federal prosecutors said Tim Leissner, a former Goldman investment banker who spent years courting Mr. Low, pleaded guilty in August to taking part in the bribery and money laundering scheme. He left the firm in 2016 after the scandal first emerged.
So it seems like rogue employees (since they had to hide from the company) and not some orchestrated thing where GS (as a company, under the direction of a lot of execs and everyone being on board) actually planned and executed.
- AsyncAwait 8y agoAt most, they'll pay a modest fine and admit no wrongdoing and repeat we go. It always seems like a rouge employee.