To be offered private stock in Facebook, wealthy clients of Goldman Sachs had to have a spare $2 million lying around. But even the hoi polloi may have a similar pitch sitting in their email inboxes right now.
As a first step to drum up investor interest in Facebook stock, Goldman Sachs shot missives to clients with the opaque subject line, “Private Investment,” according to an email reviewed by Deal Journal. We couldn’t help compare it to another solicitation for money, from an anonymous Nigerian who assures you of a giant payout if you help him get back to his home country.
Goldman Sachs declined to comment.
Of course, unlike Nigerian email scams, the solicitation came from a Goldman money manager rather than a random stranger. And Goldman isn’t offering a scam but an investment opportunity so hot that the investment bank had to stop taking orders, as our colleagues reported this afternoon. But we couldn’t help note some similar language used by Goldman and purported Nigerian princes. Read and compare!
Continue here: You Decide: Goldman’s Facebook Pitch or Nigerian Email ‘Opportunity’ – Deal Journal – WSJ.
Pic Credit: William Banzai7
