Money | Goldman Sachs Goldman Expects Barrage of Subpoenas Move could presage criminal charges By Kevin Spak Posted May 20, 2011 9:33 AM CDT Copied Goldman Sachs CEO Lloyd Blankfein listens to China's President Hu Jintao speak to leaders from the private and public sectors, Thursday, Jan. 20, 2011. (AP Photo/Pablo Martinez Monsivais) Goldman Sachs officials believe federal prosecutors are about to slap them with a series of subpoenas as it follows up on the scathing report on the company from the Senate Permanent Subcommittee on Investigations. Sources tell the Wall Street Journal that they expect the Justice Department to come knocking within days, seeking documents and other information. That doesn’t necessarily mean that criminal charges are imminent, but investors are jittery anyway; last week one analyst recommended selling the stock just in case. “Any step in the direction of criminal charges would be bad news for Goldman’s stock price,” says one analyst. Goldman has already turned over millions of pages of documents to the Senate committee and the Federal Crisis Inquiry Commission. Read These Next Online boo-bears go after the demo firm tearing White House apart. President Monroe's daughter wrote a desperate plea in 1839. 'Butt-breathing' could be the future for struggling patients. Plane windshield partially shatters mid-flight. There's a suspect. Report an error