Goldman Sachs refused to pull the plug on one of the biggest frauds the insurance industry has ever known for fear it would de-rail the 137-year-old investment banker's own $3.66 billion IPO in May, 1999, it has been claimed.The extraordinary allegation appears in a civil complaint that was filed recently in the United States by the Bankruptcy Trustee of Bermuda-based broker AlphaStar Insurance Group Ltd., formerly known as Stirling Cooke Brown Holdings Ltd., and several of its subsidiaries and affiliates.
Stirling Cooke Bankruptcy Trustee sues Goldman Sachs, auditor, D&O, law firm for $80 m
15 years ago
KeywordsAlphaStar Insurance Group Anthony Del Tufo Arthur Andersen Bermuda Insurance Market David Elliott
George Jones Goldman Sachs Hadley Ford James Lawless Jean de Pourtales Len Quick Mark Cooke Patrick McDonough Peter Christie Reuben Jeffery III Richards Butler Stephen Crane Stirling Cooke[ 13 more... ] [ top 5 ]