Goldman Sachs has been fined about $16 million for a pay-to-play scheme involving a former vice president, a close political associate of former state Treasurer Timothy P. Cahill, who landed the firm a $445.9 million bond deal with an agency Cahill oversaw. In a negotiated settlement with the SEC, the financial giant agreed to pay nearly $12 million, while state Attorney General Martha Coakley imposed a $4 million fine on the same charges.
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