goldman, sachs and co. charged with fraud , page-97

Goldman Sachs Says SEC Case Hinges on Actions of One Employee

By Christine Harper and David Scheer

April 21 (Bloomberg) -- Goldman Sachs Group Inc. said the U.S. fraud case against the firm hinges on the actions of the employee it placed on paid leave this week.

Fabrice Tourre, the 31-year-old Goldman Sachs executive director who was accused of misleading investors about a mortgage-linked investment in 2007, will also be de-registered from the Financial Services Authority, a spokeswoman at the firm in London said yesterday.

?It?s all going to be a factual dispute about what he remembers and what the other folks remember on the other side,? Greg Palm, Goldman Sachs?s co-general counsel, said in a call with reporters yesterday, without naming Tourre. ?If we had evidence that someone here was trying to mislead someone, that?s not something we?d condone at all and we?d be the first one to take action.?

The full article is at http://www.bloomberg.com/apps/news?pid=20601087&sid=a4wQK24j3.Mo&pos=1

My comments:

Maybe I'm imagining things, but it always seems to be one rogue employee who was a law unto himself when a company faces serious charges.

A rogue employee who always is able to apparently get away with just about anything until the company is charged.