Pursuits
Goldman, JPMorgan, Madoff, Chiquita, Wachovia in Court News
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Prosecutors at the Manhattan District Attorney’s Office who are examining Goldman Sachs Group Inc. may have an easier time than federal authorities in bringing criminal charges because of a 90-year-old New York state law, Bloomberg News’s David Voreacos reports.
District Attorney Cyrus Vance Jr. subpoenaed Goldman Sachs, the fifth-biggest U.S. bank by assets, for records on its activities leading into the credit crisis, two people familiar with the matter said. Vance may bring charges under the state’s Martin Act, which lawyers call a potent tool for New York prosecutors probing investment frauds, Ponzi schemes and other white-collar crime.