Love notes, a French song parody and a winking emoticon were used by a government lawyer trying to show that Fabrice Tourre, the former Goldman Sachs Group Inc. vice president facing civil fraud claims over a failed $1 billion investment, lied to participants in the deal.
Former Goldman Sachs Group Inc. trader Fabrice Tourre lost a bid for a ruling that he wasn’t liable under U.S securities laws for foreign transactions while the U.S. Securities and Exchange Commission won a ruling that Tourre violated a provision of U.S. securities law.
Former Goldman Sachs Group Inc. executive Fabrice Tourre denied he misled ACA Management LLC into backing a mortgage bond deal that later made Paulson & Co. $1 billion as part of a massive bet against the housing market.
The U.S. Securities and Exchange Commission rested its case against Fabrice Tourre, the former Goldman Sachs Group Inc. vice president accused of civil fraud for his role in a failed $1 billion investment related to the housing market crash.
Former SAC Capital Advisors LP fund manager Mathew Martoma is seeking a lenient prison term for his insider-trading conviction, saying the narrow scope of his unlawful trades warrants a lighter penalty when he is sentenced next month.
The Goldman Sachs Group Inc. employee who ran the firm’s mortgage correlation trading desk testified that Fabrice Tourre failed to tell investors about the role of Paulson & Co. in the deal at the center of the U.S. Securities and Exchange Commission’s fraud case against him.
Goldman Sachs Group Inc. trader Fabrice Tourre, accused of misleading investors in a collateralized debt obligation, said in a court filing that IKB Deutsche Industriebank AG’s alleged $150 million investment was actually made by two Jersey-based companies.
Goldman Sachs Group Inc. has signaled it will fight a U.S. lawsuit over subprime mortgage instruments the same way Bank of America Corp.’s Merrill Lynch unit and UBS AG have challenged similar claims -- by invoking the concept of caveat emptor: Latin for buyer beware.
The U.S. Securities and Exchange Commission dropped an investigation of a key witness in its fraud case against former Goldman Sachs Group Inc. executive Fabrice Tourre, according to a lawyer for the witness.