**Goldman Sachs has been accused of fraud in a civil suit filed by US financial watchdog, the Securities and Exchange Commission (SEC).**It alleges that the bank marketed complex subprime mortgage packages but did not reveal that a major hedge fund had bet against the securities.
Goldman’s shares fell 7.4% on the news of the accusations against the firm and one of its Vice Presidents.
The bank escaped relatively unscathed from the financial crisis.
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