 Image from a quicklink (Image by Unknown Owner) Details DMCA | Reuters reported Monday afternoon that Goldman Sachs chief executive Lloyd Blankfein has hired the high-profile defense attorney Reid Weingarten. Goldman later confirmed to The New York Times that "Blankfein and other individuals who were expected to be interviewed in connection with the Justice Department's inquiry into certain matters raised in the PSI [Permanent Subcommittee on Investigations] report hired counsel at the outset." It's not immediately clear what charges Blankfein might face, but based on what little we know about the DOJ's investigation into Goldman's role in the financial crisis and PSI chairman Sen. Carl Levin's past statements, however, perjury seems highly likely. Regardless, stockholders's concern was reflected in a 5.9 percent drop in Goldman share price after the new broke. |
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