Name and Shame
Name and Shame

THE GOLDMAN SACHS GROUP, INC. REVIEW

Complaint
#5YDOT
NameandShame Author
The Activist Accountants
4th Jan, 2021

Multi-Million Dollar Deal Done Illegally? (The Ugly Side Of Goldman Sachs)

The Goldman Sachs Group, Inc. tried to play smart with their investors and was caught red handed by none other than U.S. Securities And Exchange Commission.


Latest SEC AAER has shocked The Goldman Sachs Group, Inc. investors who feel misled and betrayed by the company’s actions. The auditors at SEC are experts at what they do, which is catch financial frauds and this time they outdid themselves by looking into the financial statements of this company.


Even if the suspension gets lifted by the time you read this, it doesn’t guarantee that this company is trustworthy. Remember, the SEC doesn’t put suspensions on a stock until something illegal happens.


On the first glance, their financial statements might seem just fine, but the devil is in the details, and after some thorough analysis, the truth is revealed. Let’s dive deeper and take a look at the official findings:

Detailed The Goldman Sachs Group, Inc. Scam Report

Goldman Sachs Violated Exchange Act Section 30A 51. The anti-bribery provisions of the FCPA, Section 30A of the Exchange Act, make it unlawful for any issuer with a class of securities registered pursuant to Section 12 of the Exchange Act, or any employee or agent of such issuer, to make use of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment, promise to pay, or authorization of the payment of any money, or offer, gift or promise to give anything of value to any foreign official for purposes of influencing any act or decision of such foreign official in his official capacity in order to assist such issuer in obtaining or retaining business for or with any person. 15 U.S.C. § 78dd-1. As a result of the conduct described above regarding payments to government officials, Goldman Sachs violated Exchange Act Section 30. Goldman Sachs Violated Exchange Act Section 13(b)(2)(A) 52. The books and records provision of the FCPA, Section 13(b)(2)(A) of the Exchange Act, requires every issuer with a class of securities registered pursuant to Section 12 of the Exchange Act to make and keep books, records, and accounts, which, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the issuer. 15 U.S.C. § 78m(b)(2)(A). As described above, Goldman Sachs’s books and records did not accurately reflect key aspects of the Bond Deals. By this conduct Goldman Sachs violated Exchange Act Section 13(b)(2)(A). 11 Goldman Sachs Violated Exchange Act Section 13(b)(2)(B) 53. Section 13(b)(2)(B) of the Exchange Act requires companies with a class of securities registered under Section 12 of the Exchange Act to devise and maintain a system of internal accounting controls sufficient to provide reasonable assurances that (i) transactions are executed in accordance with management’s general or specific authorization; (ii) transactions are recorded as necessary (I) to permit preparation of financial statements in conformity with generally accepted accounting principles or any other criteria applicable to such statements, and (II) to maintain accountability for assets; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. 15 U.S.C. § 78m(b)(2)(B). As described above, Goldman Sachs failed to implement a system of internal accounting controls sufficient to provide reasonable assurances that transactions were executed in accordance with management’s general or specific authorization and that access to assets was permitted only in accordance with management’s general or specific authorization. By this conduct, Goldman Sachs violated Exchange Act Section 13(b)(2)(B)

Next Steps For The Investors at The Goldman Sachs Group, Inc.

It is recommended that you discuss this latest disclosure with your finance advisor as this company has done plain fraud and tried to deceive its investors and stockholders alike. While the company might try to convey that this enforcement action was nothing more than a small-one-time-thing, the reality could not be further from the truth.


Be smart about your decision on whether to work with a company such as this one or not.


If you haven’t entered a contract with this company yet, then it is better to stay away, than risk associating with a possible scammer.


Whenever such disclosures are made public, companies tend to misinform their investors and the public by burying this information. This is why I posted it here at The Goldman Sachs Group, Inc. NameAndShame. People deserve to know the reality about these guys, especially when they so shamelessly try to hide it.

Don’t Listen To Their White Lies

To save their image and manipulate investors, companies run cold-call campaigns and advertisements after an enforcement action by the SEC. This is mainly done to distract and persuade the investors and stockholders at the company from the horrible reality.

Please do not fall for the white lies companies often tell in order to save face in such situations. From shifting blame, to calling SEC “scumbags”, company representatives will do anything and everything to keep you from changing your mind about them.


I strongly recommend that you take all your investment decisions without any external influences from the company. A logical approach, combined with experience goes a long way. Don’t let their fake smiles be the result of your monetary loss.

Share Your Opinion, Findings & Evidence

If you have helpful information about this company, then please share it in a comment. A single comment can go a long way and it will help shed more light on this case.


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