Former Goldman Trader Found Liable For Billion-Dollar Fraud

The SEC pursued civil charges against Fabrice Tourre, meaning that his punishment could range from a fine to a lifetime ban from trading in securities. A federal jury in New York City found that Tourre misled investors in a mortgage securities deal.

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Source: http://www.npr.org/blogs/thetwo-way/2013/08/01/207967011/former-goldman-trader-found-liable-for-billion-dollar-fraud?ft=1&f=1070

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