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They are prosecuting the company though, not the staff. If GS refuses to pay, the best they can do is ban them from the country. What else can they do, serious
by blackstrips 8y ago
They are prosecuting the company though, not the staff.
If GS refuses to pay, the best they can do is ban them from the country. What else can they do, seriously?
- onetimemanytime 8y agoThey can seize their CEO's jet while fueling in, say, France, or a GS building in China or whatever. Their life will be miserable, they'd have to navigate hundreds of jurisdictions and they are "bounty hunter" types that take these cases after judgments. But fraud is fraud, Malaysia can sue them in good, old, USA. Who thinks that GS, the paragon of integrity, behaved correctly, raise their hands. Right, zero hands.
- drawkbox 8y agoWhen "too big to fail" goes to the head and gets too boisterous and risky. Goldman Sachs did have to pay 5.1B for the Great Recession scams [1]. As long as GS can keep the "financial innovation" in Malaysia they will probably pay it after trying to reduce it, if they can't gain from it further in the future they won't. [1] http://fortune.com/2016/04/11/goldman-sachs-doj-settlement/ http://fortune.com/2016/04/11/goldman-sachs-doj-settlement/
- twelvechairs 8y agoTake it up at a political level I expect
- curiousgal 8y agoHoping the current administration would side with foreigners against one of its own banks is rather optimistic.
- ReptileMan 8y agoPutin and China has shown that they don't mind getting their hands dirty in foreign countries. Not see why any government could not hire some private operators if they are pissed enough to deliver the to Kuala Lumpur