The SEC’s case against Goldman Sachs exploded onto the scene two weeks ago and has captured the headlines since that time. It has been followed by many of the usual developments in high profile cases alleging corporate fraud: a Congressional hearing; private securities class actions; and related cases overseas, in this case by the UK’s Financial Services Authority.
To date, the only thing that had been conspicuously absent was a parallel criminal investigation by the Department of Justice. Not anymore. Full details are available in this post on my Enforcement Action blog over at Compliance Week.