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

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note