Latest Legal News: Did Goldman Help Greece Fool Bond Investors?
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Goldman Helped Greece Sell Bonds Without Disclosing Swap It Arranged
In 2002, Goldman Sachs (GS) arranged a currency swap that raised $1 billion for Greece off its balance sheet. According to a review of prospectuses as part of an investigation by Bloomberg, six of ten bond issues that Goldman later helped Greece sell did not disclose the swap; prospectuses for the other four couldn't be obtained.