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Goldman executive denies charges
Fabrice Tourre, the Goldman Sachs employee charged with fraud, hits back against what he says are attacks on his "character and motives".
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Tags: bbc, business, charges, confidential, criminal, criminal negligence, deception, director, employee, fraud, money, negligence, words -
Re: Goldman executive denies charges
For anyone who's interested in making up their own mind - this is from Monday.
http://curiouscapitalist.blogs.time....mails-tell-us/
This goes beyond Fraud (the use of deception to market products that would lose Goldman's clients money - i.e. a deception deliberately practiced in order to secure unfair or unlawful gain), to Gross Criminal Negligence ((law) recklessly acting without reasonable caution and putting another person at risk of injury or death (or failing to do something with the same consequences).
In the US - the latter if proven can make a director or partner - personally liable.
In other words it's not just Goldman Sachs the corporation who is in trouble here - Lloyd Blankfein & co. - your house may be at risk if you fail to repay the money you stole.Disclaimer - This information about the law is designed to help users safely cope with their own legal needs. But legal information is not the same as legal advice -- the application of law to an individual's specific circumstances. Although I go to great lengths to make sure my information is accurate and useful, I recommend you consult a lawyer if you want professional assurance that my information, and your interpretation of it, is appropriate to your particular situation.
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