Money | Goldman Sachs Feds Open Criminal Probe Into Goldman Trades Prosecutors investigate possible securities fraud By John Johnson Posted Apr 29, 2010 6:47 PM CDT Updated Apr 30, 2010 5:46 AM CDT Copied Daniel Sparks, Joshua S. Birnbaum, Michael J. Swenson, and Fabrice Tourre are sworn in before their Senate testimony. (AP Photo/Evan Vucci) Goldman's legal troubles are deepening. Federal prosecutors at the US Attorney's Office in Manhattan have opened a criminal probe into the Wall Street giant's mortgage trading, reports the Wall Street Journal. Prosecutors are looking for evidence of securities fraud but haven't decided whether to bring charges. The SEC, which has brought civil charges of its own, referred the case to the Manhattan office. Prosecutors face huge hurdles in bringing a case, explains the Journal. For starters, they'd have the difficult task of proving that Goldman employees knowingly broke the law. Beyond that, the ins and outs of trades involving "collateralized debt obligations" are mind-numbingly complex. Read These Next A former NFL Pro Bowler has died at age 36. Major websites, apps affected by massive outage. Secret Service finds something strange pointed at Trump's plane. The massive AWS failure exposed a big problem with the internet. Report an error