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Old Etonian author embroiled in Goldman Sachs scandal

23rd April 2010

Old Etonian and controversial author Tetsuya Ishikawa has become embroiled in the recent Goldman Sachs subprime mortgage scandal.

The financial services firm is currently the subject of a Securities & Exchange Commission investigation and Ishikawa is believed to have been one of the sales people working on Sachs' allegedly dodgy dealings - which involved the offloading of collateralised debt obligations that were destined to fail.

Ishikawa, who now works for Amias Berman & Co, wrote How I Caused the Credit Crunch last year, an in-depth, and often lurid, fictional account of the cash and sexual excesses of the finance sector.

In his book, which focuses on a city banker named Andrew Dover, Ishikawa highlights the fast cars, impressive homes and brothel visits that he claims are a common part of City life.

Commenting on the recent Goldman Sachs scandal, prime minister Gordon Brown claimed that the financial services firm was 'morally bankrupt'.

'This is probably one of the worst cases that we have seen,' he said.

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