But the rest of the allegeddebt, which relates derivative products called Contracts for Difference (CFDs) used to bet on the price of bank shares, is disputed.
In that case the SEC alleged that Goldman misstated and omitted key facts regarding a synthetic collateralized debt obligation (CDO) it marketed which hinged on the performance of subprime residential mortgage-backed securities.
Zell was supposed to use proceeds from that sale, promised last year but delayed repeatedly and now in limbo again after alleged illegal stock market trading by a leading bidder, Mark Cuban, to pay down debt.
Although Moscow and Minsk eventually reached an agreement, alleged violations led Gazprom to announce a cut in the supply of gas to Belarus due to a debt of over 450 million dollars, leading to a new crisis that could strangle the Belarusian economy.