Executives at Goldman Sachs have been charged with a $1.6 billion foreign bribery scheme, the largest in U.S. history.
The company, which includes many donors to Democrat presidential candidate Joe Biden, will pay $2.9 billion as part of a settlement for the admitted scheme.
“Today’s resolution, which requires Goldman Sachs to admit wrongdoing and pay nearly three billion dollars in penalties, fines, and disgorgement, holds the bank accountable for this criminal scheme and demonstrates the department’s continuing commitment to combatting corruption and protecting the U.S. financial system,” Assistant Attorney General Brian Rabbitt of the Justice Department’s Criminal Division said.
Biden has taken 184 separate contributions from Goldman Sachs executives and employees totaling hundreds of thousands of dollars, President Donald Trump has gotten contributions from 41 employees of the bank totaling only $7500.
I’m not sure why all the big banks are backing Biden over Trump, but I suspect it’s because they know he claims to be for the little guy but is really going to protect the powerful and wealthy in the end.
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