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.
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