Goldman’s Tourre To Fight SEC Charges On Firm’s Dime

Jul 19 2010 | 2:48pm ET

Fabrice Tourre, the Goldman Sachs vice president who handled the collateralized debt obligation that landed the firm in hot water with regulators, appears poised to fight the fraud charges against him.

Tourre will file a response to the Securities and Exchange Commission fraud charges against him today. Paulson & Co., the hedge fund that Goldman allegedly structured and marketed the CDO on behalf of, was a client of Tourre’s.

Tourre was the only Goldman employee named alongside the firm in the SEC’s lawsuit. Goldman was also set to file its response today, but settled the charges last week for $550 million.

Tourre is not close to settling the SEC charges, The Wall Street Journal reports.

Goldman is paying Tourre’s legal bills. Tourre is currently on administrative leave from the firm.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...