Defendant Name:
The Goldman Sachs Group, Inc
Defendant Type:
Public Company
SIC Code:
6211
CUSIP:
38141G10
Document Reference:
34-90243
Document Details
Legal Case Name
In the Matter of The Goldman Sachs Group, Inc.
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
22-Oct-2020
Document Format
Administrative Proceeding
AAER
4191
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On October 22, 2020, the SEC instituted settled cease-and-desist proceedings against The Goldman Sachs Group, Inc. The SEC stated: "This matter relates to a scheme perpetrated by now former senior employees of Goldman Sachs who authorized and paid bribes and kickbacks to government officials in Malaysia and the Emirate of Abu Dhabi ("Abu Dhabi") in order to secure lucrative business for the Company and benefits for themselves. Goldman Sachs violated the antibribery, books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act ("FCPA") in connection with the scheme."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Disgorgement
Individual:
$606,300,000.00
Shared:
Civil Penalty
Individual:
$400,000,000.00
Shared: