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 Goldman Sachs Group Inc. Vice President Fabrice Tourre, accused of fraud for his role in a failed $1 billion investment tied to the housing market collapse, perpetrated a “very simple” scheme aimed at feeding “Wall Street greed,” a government lawyer told jurors yesterday.
Former Goldman Sachs Group Inc. executive Fabrice Tourre asked a judge to block the U.S. Securities and Exchange Commission from arguing at his fraud trial set for July that he contributed to the financial crisis.
The lawyer leading the U.S. Securities and Exchange Commission’s case against ex-Goldman Sachs Group Inc. trader Fabrice Tourre said a series of e-mails Tourre sent in 2007, including one calling himself “Fabulous Fab,” are important to prove he intended to commit fraud.
Goldman Sachs Group Inc. executive director Fabrice Tourre, who called himself “fabulous Fab,” has done volunteer work in Rwanda and started a U.S. doctorate program while awaiting trial in a government fraud suit his bank settled for $550 million.