Last Updated on October 27, 2020
Goldman Sachs, the employer of an elite cadre of large money contributors to Democrat presidential candidate Joe Biden’s campaign, has pled guilty in a pay-to-play bribery scheme in the southeast Asian nation of Malaysia.
The Department of Justice announced the charges and the plea arrangement this week. Charges against Goldman Sachs executives’ involvement in the foreign bribery scheme – the largest in United States history, resulted in the firm paying more than $2.9 billion as part of a settlement.
“Today’s resolution, which requires Goldman Sachs to admit wrongdoing and pay nearly three billion dollars in penalties, fines, and disgorgement, holds the bank accountable for this criminal scheme and demonstrates the department’s continuing commitment to combatting corruption and protecting the US financial system,” acting Assistant Attorney General Brian Rabbitt said in a statement.
Goldman Sachs Charged in Foreign Bribery Case and Agrees to Pay Over $2.9 Billionhttps://t.co/r6gHL1dcGo
— Justice Department (@TheJusticeDept) October 22, 2020
Goldman Sach’s statement of culpability comes as Biden finds himself embroiled in his own pay-to-play foreign influence scheme involving his son Hunter Biden and brother James Biden. The New York Post story on the scandal has brought forth damning and credible information of politically motivated financial malfeasance on behalf of the Bidens and possible illegal activity.
Biden and his campaign have accepted hundreds of thousands of dollars in campaign contributions from executives and employees at Goldman Sachs.
Goldman Sachs executives Kathy Matsui and Richard Friedman have donated almost $105,000 to the Biden Victory Fund and the Biden Action Fund in June alone.
In breaking news this week, it was learned that the former Goldman Sachs executive who profited off the US housing crash has donated $200,000 to the Biden Victory Fund.
The former Goldman Sachs executive who devised the "Big Short" and told colleagues they would make "serious money" off the housing market collapse has poured $200,000 into Joe Biden's victory fund, filings show.
Via @JoeSchoffstall https://t.co/np9AnnBUhY
— Free Beacon (@FreeBeacon) October 20, 2020
Biden has reaped 184 separate contributions from executives and employees at the financial behemoth. CNBC reports that, in total, Wall Street has donated more than $50 million to Biden’s campaign this election cycle.
In contrast, President Trump has taken just 41 contributions from Goldman Sachs totaling less than $7,500.