Goldman Sachs has agreed to pay $11.9 million to settle
civil charges accusing one of its executives of providing campaign services to
a Massachusetts official in return for bond business, the AP reports.
The Securities and Exchange Commission also charged former
Goldman Sachs vice president Neil M.M. Morrison with trying to influence the
awarding of state contracts through campaign work for former Massachusetts
Treasurer Timothy Cahill.
Morrison campaigned for Cahill from his Goldman Sachs office
using company phones and email between November 2008 and October 2010, the SEC
said. The services weren't reported by Goldman Sachs, the SEC said. The company
earned more than $7.5 million in fees from underwriting Massachusetts bond
sales after Morrison's activities, the agency noted.
Find out more at http://www.huffingtonpost.com/2012/09/27/goldman-settlement-sec_n_1919296.html?utm_hp_ref=business
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