Goldman: Paying For Prostitutes "Inappropriate" But Did Not Influence Investment Decisions

A Goldman Sachs employee using his own funds to purchase prostitutes for a relative of the head at the Libyan Investment Authority (LIA) was a mistake, a Goldman Sachs official said. But encouraging the man to “get divorced from your wife for a weekend” didn’t influence him in purchasing $1 billion in now worthless derivatives, the investment bank contended in court. Goldman employee using own funds to purchase prostitute for brother of Libyan investment authority executive “personal” Andrea Vella, Goldman Sachs co-head of Asian investment banking, said had he known about the incident he would have been concerned. Goldman banker…