Goldman Sachs, Poster Firm for Wall St. Crony Capitalism Under Fire

Scandal and poor earnings not a good mix, share price down.

Compounding the poor financial performance, Goldman is in the midst of a burgeoning scandal over its involvement with the Malaysian sovereign wealth fund known as 1MDB…

The U.S. Department of Justice and the SEC are investigating whether Goldman properly informed investors about the risks associated with the fund; Goldman has been accused of embezzling and laundering billions of dollars.

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