{"id":582176,"date":"2010-05-27T19:05:00","date_gmt":"2010-05-27T23:05:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/timberwolf-goldman-sachs-2010-5"},"modified":"2010-05-27T19:05:00","modified_gmt":"2010-05-27T23:05:00","slug":"goldman-sachs-timberwolf-deal-brought-down-a-hedge-fund-potentially-under-criminal-investigation-gs","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/582176","title":{"rendered":"Goldman Sachs Timberwolf Deal Brought Down A Hedge Fund, Potentially Under Criminal Investigation (GS)"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4bfefd037f8b9a2649790100\/timberwolf-527.jpg\" border=\"0\" alt=\"Timberwolf 527\" \/><\/p>\n<p>The Timberwolf deal, infamously tagged a &#8220;shitty deal&#8221; during the Goldman Sachs Senate hearings, is now at the center of a criminal investigation around the firm, <a href=\"http:\/\/www.huffingtonpost.com\/2010\/05\/27\/exclusive-us-probes-goldm_n_592300.html\">according to the Huffington Post<\/a>.<\/p>\n<p>Federal prosecutors are focusing on this deal, and its connections to the collapse of the Australian David Mapley&#8217;s hedge fund. Supposedly that deal cost Mapley <a href=\"http:\/\/www.huffingtonpost.com\/2010\/05\/27\/exclusive-us-probes-goldm_n_592300.html\">$100 million<\/a>, and the life of his hedge fund, Basis Yield Alpha Fund.<\/p>\n<p>Mapley has claimed that the Timberwolf deal was a &#8220;<a href=\"http:\/\/www.huffingtonpost.com\/2010\/05\/27\/exclusive-us-probes-goldm_n_592300.html\">fraudulent concoction<\/a>.&#8221; He is currently working on an out of court settlement.<\/p>\n<p><a href=\"http:\/\/www.huffingtonpost.com\/2010\/05\/27\/exclusive-us-probes-goldm_n_592300.html\">Read the full story at The Huffington Post &gt;<\/a><\/p>\n<h2><a href=\"http:\/\/www.businessinsider.com\/goldman-sachs-winners-losers-2010-5#loser-fabrice-fabulous-fab-tourre-1\">Check out the winners and losers from the Goldman Sachs fraud case &gt;<\/a><\/h2>\n<p><a href=\"http:\/\/www.businessinsider.com\/timberwolf-goldman-sachs-2010-5#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/F5ArbQjWSao\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Timberwolf deal, infamously tagged a &#8220;shitty deal&#8221; during the Goldman Sachs Senate hearings, is now at the center of a criminal investigation around the firm, according to the Huffington Post. Federal prosecutors are focusing on this deal, and its connections to the collapse of the Australian David Mapley&#8217;s hedge fund. Supposedly that deal cost [&hellip;]<\/p>\n","protected":false},"author":1977,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-582176","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/582176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1977"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=582176"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/582176\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=582176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=582176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=582176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}