SEC STATEMENT ON TOURRE VERDICT

(The following is a reformatted version of a statement from
Andrew Ceresney, Co-Director of the SEC¹s Division of
Enforcement, on the Tourre verdict. The statement was
confirmed.) 
“We are gratified by the jury’s verdict finding Mr. Tourre
liable for fraud. We will continue to vigorously seek to hold
accountable, and bring to trial when necessary, those who commit
fraud on Wall Street. As shown by this verdict, we proved that
Mr. Tourre, as a Goldman Sachs Vice President, put together a
complicated financial product that was secretly designed to
maximize the likelihood that it would fail, and marketed and
sold it to investors without appropriate disclosure.” 
(bjh) NY 
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