"A Vehicle to Perpetrate Fraud"... says the guy whose organization has perpetrated wide-spread fraud at the Board level, and gotten away with <i>most of it</i> with just a congressional hearing and a fine.<p>"There was little ambiguity about the criminality of Rajaratnam’s intentions. In one tape played at trial, he called a contact and said, “I heard yesterday from somebody who’s on the board of Goldman Sachs that they are going to lose two dollars per share.” Rajaratnam quickly traded his shares, avoiding major losses, thanks to this inside information. Convicted in 2011, he was sentenced to eleven years in prison, and given a ten-million-dollar fine, along with an order to forfeit more than fifty-three million in gains. (Gupta, who was also a board member at Goldman, was later convicted of insider trading as well.)"<p>Source: 2016 : The Man Who Terrifies Wall Street: <a href="https://www.newyorker.com/magazine/2016/05/09/the-man-who-terrifies-wall-street" rel="nofollow">https://www.newyorker.com/magazine/2016/05/09/the-man-who-te...</a>
> ... captivates everyone from mom-and-pop investors to high-frequency traders and Wall Street banks.<p>If this isn't a recipe for financial disaster, I don't know what is. When dumb money, fast money, and smart money are all feeding off the same carcass, things will get ugly.
People do know CEO or employee's opinions doesn't really represent company's views, right?<p>Because here's what happened:
"Goldman Says the Bitcoin Haters Just Don’t Get It"<p><a href="https://www.bloomberg.com/news/articles/2017-11-29/goldman-s-currie-says-bitcoin-is-a-commodity-much-like-gold" rel="nofollow">https://www.bloomberg.com/news/articles/2017-11-29/goldman-s...</a>
Former Microsoft CEO on Linux: "Linux is cancer"<p>Microsoft CEO on Linux: "Microsoft loves Linux"<p>Just give him time.<p>Then, Goldman Sachs should not be pontificating about fraud. Remember 2008?