Goldman Sachs Faces Criminal Probe

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Powerful Wall Street bank Goldman Sachs is facing a criminal investigation. Federal prosecutors are looking into whether to file charges against the bank in connection with its mortgage securities trading. NPR has learned that securities regulators made a referral to the Justice Department. The criminal inquiry by prosecutors in New York has been underway for some time.

STEVE INSKEEP, host:

NPR's business news starts with another investigation of Goldman Sachs.

(Soundbite of music)

INSKEEP: We already know about the SEC investigation that led to a civil suit. Now the powerful Wall Street bank is facing a criminal investigation. Federal prosecutors are looking into whether to file charges against the bank in connection with its mortgage securities trading. NPR has learned that securities regulators made a referral to the Justice Department. The criminal inquiry by prosecutors in New York has been underway for some time.

Earlier this month, the Securities and Exchange Commission filed its civil charges.

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