Financial powerhouse Goldman Sachs taking steps against a non-associated bankruptcy expert who allegedly established a separate business under the bank's name, as per a recent report.

Goldman Sachs is in a pickle with an imposter! A bankruptcy specialist named Arian Eghbali is pulling a fast one, using the name Goldman Sachs Capital LLC and causing quite the stir.

The Wall Street Journal reports that ol' Arian registered Goldman Sachs Capital in 2022, making himself the CEO. Nick Carcaterra, spokesperson at actual Goldman Sachs, made it clear that Eghbali never worked for the financial giants and they're making moves to stop this charade.

Eghbali runs a fancy firm called Olympus Guardians and has dealt with several major companies' bankruptcies, like Forever 21, Hooters, and Virgin Orbit. The California businessman told the WSJ he was aiming to get funds from the real Goldman Sachs with his LLC, which didn't pan out. Instead, Mr. Eghbali used the LLC to claim some precious employee retention credits (ERCs) - sweet, refundable tax credits meant to keep employers afloat during the pandemic.

Carcaterra informed the WSJ that Eghbali's rationale for creating Goldman Sachs Capital seems a bit off. A representative from the California Secretary of State's Office explains that they don't regulate brand or intellectual property issues and only approve registration based on names already in their system, not big-name brands like Goldman Sachs.

Stay tuned for more juicy scams, hacks, and breaches in our coverage of the world of finance! We're all about keeping you up-to-date with the latest industry buzz.

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Financial powerhouse Goldman Sachs taking steps against a non-associated bankruptcy expert who allegedly established a separate business under the bank's name, as per a recent report.