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The Largest Fine Ever Paid to the SEC
Date: July 16, 2010
Goldman eventually settled for $550 million, the largest fine ever paid to the SEC and a humiliation for Goldman Sachs. Tourre is still tied up in civil fraud charges. As Senator Tom Coburn (R-Okla.) told Lloyd Blankfein at a Senate hearing: "… somebody has made a decision [Tourre's] going to be a whipping boy, he's the guy getting hung out to dry." Above, Senator Carl Levin (D-Mich.), on the left, and Senator Coburn, to the right, framed the head of Lloyd Blankfein at a hearing in 2010.
Goldman eventually settled for $550 million, the largest fine ever paid to the SEC and a humiliation for Goldman Sachs. Tourre is still tied up in civil fraud charges. As Senator Tom Coburn (R-Okla.) told Lloyd Blankfein at a Senate hearing: "… somebody has made a decision [Tourre's] going to be a whipping boy, he's the guy getting hung out to dry." Above, Senator Carl Levin (D-Mich.), on the left, and Senator Coburn, to the right, framed the head of Lloyd Blankfein at a hearing in 2010.
