Goldman Sachs Sued for Selling Libya Billions in “Worthless” Options

Goldman Sachs, the Wall Street investment bank, is being sued in London for selling Libya “worthless” derivatives trades in 2008 that the country’s financial managers did not understand. Libya says it lost approximately $1.2 billion on the deals, while Goldman made $350 million.The post Goldman Sachs Sued for Selling Libya Billions in “Worthless” Options appeared first on BSNEWS.

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