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A lack of evidence doesn't indicate anything. Witness SAC getting shut down. Or the Libor scandal. And many other scandals involving the financial sector. N
by Mikeb85 5y ago
A lack of evidence doesn't indicate anything.
Witness SAC getting shut down. Or the Libor scandal. And many other scandals involving the financial sector.
Now, does GS specifically engage in such practices? Maybe, maybe not. But it's more than plausible.
- throwaway2037 5y agoSorry, S.A.C. Capital Advisors didn't shutdown. Rather, it repaid outside investors, and then was reborn with insider-only money as Point72 Asset Management. (Yes, I know that a few employees of SAC were found guilty of financial crimes.)
- Mikeb85 5y agoThey were shut down as part of the plea deal with the government (in which they plead guilty I might add). Not accepting outside money is a de-facto end to the business. A family office isn't the same thing...