The charge is in connection with the sale of a syntheticcollateralizeddebtobligation that was tied to the performance of subprime residential mortgage-backed securities.
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2.
In that case the SEC alleged that Goldman misstated and omitted key facts regarding a syntheticcollateralizeddebtobligation (CDO) it marketed which hinged on the performance of subprime residential mortgage-backed securities.
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3.
He said they joked that they planned to down a shot of liquor every time the CEO used the word "synthetic, " a reference to the type of collateralized-debt obligation for which Goldman has been accused of fraud by the Securities and Exchange Commission.