NEW YORK: New York jurors have ruled that an ex-Goldman Sachs trader nicknamed “Fabulous Fab” defrauded investors in marketing a mortgage-linked security, handing the government a big victory.
Fabrice Tourre (pic) was found liable on six of the seven counts of fraud alleged by the Securities and Exchange Commission (SEC) during the two-week civil trial. The jury returned the verdict on the second day of deliberations.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
