Tourre Jurors Hear Call Misstating Paulson Role in Deal
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Jurors in the U.S. Securities and Exchange Commission’s case against Fabrice Tourre heard a much-fought-over phone call the SEC is using as evidence that Tourre misled a key participant in the 2007 transaction at the center of the fraud case against him.
An SEC lawyer today played a recording of the phone call, between Gail Kreitman, a former Goldman Sachs Group Inc. saleswoman, and an employee of ACA Management LLC, the firm that was paid to select the mortgage-backed securities underlying the deal, known as Abacus 2007-AC1.