Criminal Probe Launched Into Goldman Sachs

Goldman Sachs Faces Criminal Probe: The U.S. Attorney's Office in Manhattan has reportedly launched an investigation into Goldman Sachs. According to the Associated Press, federal prosecutors are in the first stages of looking into whether the firm, or its workers committed securities fraud connected to mortgage deals. This, after a referral from the Securities and Exchange Commission, which recently filed its own fraud charges against Goldman and one of its traders. Both the company and the trader deny any wrong doing in that case. The U.S. Attorney's Office would neither confirm nor deny the reports of a criminal investigation. Earlier this week, the firm's executives were grilled by a Senate panel about its conduct leading up to the financial crisis that pushed the economy into a deep recession.