Settlement likely for Goldman in alleged mortgage investment fraud

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Goldman Sachs may opt to settle its fraud case with the U.S. Securities and Exchange Commission in order to avoid continued public humiliation after being grilled over whether it defrauded mortgage investors, sources told the New York Post. The investment bank, which is accused of misleading buyers and betting against the mortgage market, has endured derisive senate inquiry, after the SEC’s April 16 announcement that it had filed suit against Goldman. The unnamed source said that “it’s almost a certainty that there will be a settlement,” in the near future. [Post]

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