Saturday, 25 April 2015
Last updated 1 day ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…