The mechanism by which this fraud was carried out was called Repo 105 .
The SEC is now investigating several banks regarding their use of Repo 105 accounting.
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Mr. Cuomo's investigation found that Repo 105 transactions started as far back as 2001, said the person familiar with the probe.
The Securities and Exchange Commission's investigation into Lehman's collapse is focusing on Repo 105 transactions, said people familiar with the matter.
Did Senator Kaufman got CFO Viniar to put a Goldman statement regarding Repo 105 and other balance sheet window-dressing techniques in the record?
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In March of 2010, the SEC asked CFOs to tell them about their use of Repo 105 and other balance sheet shifting techniques.
FORBES: Goldman Sachs Executives May Have Lied But Not About Anything "Massive"
Senator Kaufman: Would Goldman ever use Repo 105 type transactions?
FORBES: Goldman Sachs Executives May Have Lied But Not About Anything "Massive"
Did Goldman, or did they not, use Repo 105 and did they disclose short-term borrowings sufficiently, accurately, and properly as reflected by their quarterly and annual report certifications?
FORBES: Goldman Sachs Executives May Have Lied But Not About Anything "Massive"
The bankruptcy examiner's report and the attorney general's investigation found that Lehman Brothers carried out the Repo 105 transactions on a quarterly basis in 2007 and 2008 without telling investors.
He had complained to his boss, and eventually wrote a letter in May 2008 to senior Lehman executives expressing concern that the Repo 105 transactions violated Lehman's ethics code by misleading investors and regulators about the true value of the firm's assets.
As the Judge recognized, whether or not Repo 105 complied with any particular provision of GAAP does not address the overriding purpose of GAAP, which is to require the issuer to present a fair, complete and accurate picture of its financial position.
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Many EU and German officials accuse Goldman of doing a similar pump and dump trade with Greece and other PIIGS. They argue that Goldman and Lehman sold their currency swaps and Repo 105 strategy to help Greece cheat to enter the Euro, disguising debt as sales.
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