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Goldman Fraud Case Explained in 50 Words

|Includes: Goldman Sachs Group Inc. (GS)

Q1:  Did Goldman represent to the long party Abacus was assembled by an independent, uninterested 3rd party?

Q2:  Did Paulson have influence or control over the assembly of Abacus?

Q3:  Did Goldman know the answers to 1 and 2 at the time it sold Abacus?

 

Yes to 1+2=civil fraud

Yes to 1+2+3=criminal fraud



Disclosure: no positions