Two weeks ago, the SEC filed a securities fraud case against Goldman Sachs.
Yesterday, it was revealed that the DOJ is investigating allegations of criminal wrongdoing at Goldman Sachs.
The Justice Department launched its probe of Goldman Sachs (GS) before the SEC filed its civil fraud charge, and the probe casts a far wider net than the SEC did, Zachary A. Goldfarb and Jerry Markon of the Washington Post report.
The criminal probe is being conducted by the U.S. attorney's office in Manhattan, and the FBI. No charges have yet been filed.
Meanwhile, the Justice Department has also launched a criminal investigation of the massive explosion at the Big Branch mine in West Virginia where 29 miners died,
Massey has a past history of egregious violations of mine safety:
After the worst coal mining disaster in at least 25 years, Massey Energy CEO Don Blankenship is facing long-overdue scrutiny for his record of putting coal profits over fundamental safety and health concerns. Blankenship, a right-wing activist millionaire who sits on the boards of the U.S. Chamber of Commerce and the National Mining Association, used his company’s ties to the industry-dominated Bush administration to paper over Massey’s egregious environmental and health violations. Massey rewarded Republicans with massive donations after the company avoided paying billions in fines for a 2000 coal slurry disaster in Martin County, three times bigger than the Exxon Valdez. After both mine inspectors and Massey employees got the same message that it was more important to “run coal” than to follow safety rules, a deadly fire broke out in the Aracoma Alma mine in 2006, burning two men alive.Not being a Conservative, I have to say that it makes me happy to see these big and uncaring corporations get some of their just deserts.
