Wednesday, August 3, 2016

Goldlman Fined 0.1% of Revenue for 'Criminal Theft' of Confidential Fed Information

Goldlman Fined 0.1% of Revenue for 'Criminal Theft' of Confidential Fed Information - zerohedge.com

Excerpt from this article:


"Last October, we reported that 'Wall Street Was Shocked As Feds Bring Criminal Case Against Goldman Banker Over Fed Leaks.' Briefly, because as we also reported several months later, nobody actually ended up going to prison for the infamous story of Goldman Sachs obtaining classified NY Fed documents as a result of the revolving, ended up with two workers getting slaps on the wrist in some modest penalties.  Today the story got its closure, when the Fed announced that Goldman Sachs has agreed to pay $36.3 million to settle allegations by the Federal Reserve that it obtained and used confidential regulatory materials from the central bank two years ago. This amounts to 0.1% of the firm's 2015 revenue of $33.8 billion."
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