Goldman Sachs has been ordered to pay $20.58m to creditors of a failed hedge fund to settle claims that the bank helped the fund perpetrate a Ponzi scheme. The award represents the first time that a bank has been held accountable for a Ponzi scheme because of its role as a middleman. Goldman cleared trades and lent money to the Bayou Group, a Connecticut hedge fund that collapsed in 2005, when state and federal investigators said the firm defrauded investors of hundreds of millions of dollars.
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Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time?
Fortune Magazine and Great Place to Work this week announced the winners of its 2020 Best Companies to Work For list, ranking America’s best workplace environments for large companies. And multiple industry titans in the housing space made the list.