Goldman to pay $550M to settle civil fraud charges

Traders work in the Goldman Sachs booth on the floor of the New York Stock Exchange Monday, April 19, 2010. (AP Photo/Richard Drew) (AP Photo/Richard Drew)

July 15, 2010 4:38:37 PM PDT
Goldman Sachs & Co. has agreed to pay $550 million to settle civil fraud charges that the Wall Street giant misled buyers of mortgage-related investments.

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