The NY Post reports that the divorce is official. Goldman Sachs trader Fabrice Tourre —
accused of misleading investors in a trade that ultimately cost the firm $550
million in fines — has left the building for good, sources said.
The trader had been on paid leave since shortly after the
Securities and Exchange Commission accused him of fraud in April 2010 for
putting together the now-infamous Abacus bond deal.
In November 2011, Tourre quietly changed his status to
unpaid leave, a company spokesman said. Then, in December 2012, he left the
Wall Street firm completely.
The SECT fraud charges allege that the 35-year-old trader
orchestrated the sale of complex mortgage securities to an investor that a
hedge fund bet against…
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