RMBS fraud
Latest Posts
SEC fines, bans former Goldman Sachs head RMBS trader for fraud
Aug 16, 2016Edwin Chin, who served as Goldman Sachs’ head RMBS trader from 2010 through 2012, agreed to settle charges brought by the SEC that he lied to clients about the prices of RMBS deals, frequently misrepresenting not only the prices that Goldman Sachs paid for the mortgage bonds, but whether the bonds were sold out of Goldman Sachs’ inventory or not. This alleged misconduct generated millions of dollars of extra revenue for Goldman Sachs.
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Virginia reaches $63 million settlement with 11 banks for RMBS fraud
Jan 22, 2016 -
SEC fines hedge fund advisor for inflating mortgage bond prices
Jul 02, 2015