Slim and shady ?
Former Goldman Sachs vice president liable for fraud in failed $1bn investment described as likeable, unbelievable and 'a bit shady'.
Bloomberg News reports that Beverly Rhett, a retired special-education teacher from New York, said the panel agreed with the government that he should have disclosed the fact that Paulson & Co helped structure the 'Abacus' deal intending for the assets behind it to fail.
Rhett originally spoke on condition of anonymity. She agreed last week to be identified by name.
Tourre, 34, was found liable on August 1st in Manhattan federal court on six of seven claims filed against him by the U.S. Securities and Exchange Commission. He faces penalties that U.S. District Judge Katherine Forrest said will be determined later, with filings due in court later this month, and may be barred from the securities industry.
The key to the verdict, Rhett said, was the government’s evidence, including documents and e-mails, that showed Tourre’s alleged duplicity.
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image: © Linus Bohman