But the indictment paints another picture of Hall, one of a superintendent with "a single-minded purpose, and that is to cheat, " Howard told reporters last week.

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According to a spokesman, they felt that in past years where they sat on the sidelines, it was because they had nothing new to announce and no real purpose to be in the game justifying the investment for one single day in February.

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The investment vehicle being created by Goldman is intended to pool investors' money to create the legal effect of a single new shareholder in Facebook, since each special-purpose vehicle counts as one shareholder of record.

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