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UK Court learned Goldman hired prostitutes to win Libyan investment

by posted 2years ago 266 views
A UK high court has learned that Goldman Sachs paid for prostitutes, business travel and five-star hotels in an attempt to win business from the Libyan Investment Authority (LIA). The fund was set up during Libyan Dictator Muammar Gaddafi's government, and these lurid details about Goldman's interaction with the account came out at trial. The Fund is suing Goldman over $1.2 billion in lost investments. According to the fund's representatives, Goldman made an excessive amount of trades that were designed to generate fees for the Wall Street giant, but did not actually benefit the LIA's investment. Several of Goldman's emails indicated that they were taking advantage of LIA, saying they had "zero level" investment knowledge. This video was produced by YT Wochit Business using

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