Goldman Sachs Subpoenaed For Connection To Global Corruption Ring

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Goldman is in the top 5 crony capitalist companies based in the USA. It might be number 1 but there are contenders.

In another life I wanted to work at Goldman.

(From The Daily Caller)

The investigation focuses on compliance with the US Bank Secrecy Act, an act that requires domestic financial institutions to “assist U.S. government agencies to detect and prevent money laundering.”

Goldman is being investigated specifically regarding the $2.5 billion in profits it earned from 1MDB bond sales, which were “diverted from the fund to shell companies controlled by influential figures in Malaysia and Abu Dhabi,” reports the Wall Street Journal.

It isn’t just U.S. authorities looking into the matter. Singapore’s central bank stated Saturday that it too is investigating.

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