Goldman’s Blankfein puts SEC fine on his debit card

Incorrectly enters PIN

New York, NY - After months of negotiations, Wall Street giant Goldman Sachs settled fraud allegations and agreed to a $550 million fine from the Securities and Exchange Commission (SEC).

Upon agreement on the settlement, Goldman CEO Lloyd Blankfein asked SEC boss Mary Schapiro if “they take debit cards?” Schapiro admitted she was unclear as to the agency’s policies regarding forms of payment, but later ensured Blankfein, “credit or debit would be fine.” After incorrectly entering his PIN number twice, Blankfein was able to put the full $550 million amount on his debit card and finally put the incident to rest.

- A-Train