Goldman Sachs Sued by MRVL Founder for Margin Fraud

“Goldman forced its clients to unnecessarily liquidate their holdings through forced margin calls, only to repurchase these same shareholdings for accounts owned by Goldman and its related hedge funds,” according to the complaint.

Goldman Sachs also forced a sale of Sutardja and Dai’s shares of Nvidia Corp. (NVDA), causing them to lose $166 million, they said in the complaint.

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