Goldman Sachs Says SEC Case Hinges on Actions of One Employee

The article states that the U.S. fraud case against Goldman Sachs can be blamed on one man. Last week the SEC sued the firm for mortgage-linked securities fraud, Goldman now says Fabrice Tourre, a 31 year old GS executive is the man to blame for the fraud. He was accused of misleading investors about the investments that the SEC claimed was unlawful and unethical.

Tourre says "Goldman's board knew what they were doing". It remains to be seen who will bear the final blame to this lawsuit.