Former Goldman Sachs trader Fabrice Tourre has only one tie left to the securities firm where he helped assemble an infamous bond deal: his legal bills. Mr. Tourre no longer works for Goldman, which put him on paid leave after the Securities and Exchange Commission accused him in April 2010 of misleading investors in a collateralized debt obligation called Abacus 2007-AC1. Goldman soon settled related allegations, but Mr. Tourre decided to fight. Since late 2011, Mr. Tourre has been a graduate student in economics at the University of Chicago, and Goldman changed his status to unpaid leave. He left the firm at the end of December 2012, a company spokesman said…The SEC’s lawsuit instantly made Mr. Tourre one of the most memorable names of the financial crisis. In an email to a friend that was disclosed by the agency, Mr. Tourre wrote: “The whole building is about to collapse anytime now … Only potential survivor, the fabulous Fab[rice Tourre] … standing in the middle of all these complex, highly leveraged, exotic trades he created without necessarily understanding all of the implications of those monstruosities!!!” [WSJ]

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  1. Posted by Edmond_Dantes | January 31, 2013 at 7:08 PM

    Fabrice Toure – the product, of a classical education.

    Regards,

    Hans Gruber

  2. Posted by The Gaseous Gasp | January 31, 2013 at 9:14 PM

    Febreze Tori is a friend of mine.

  3. Posted by HighFrequencyHater | February 1, 2013 at 4:31 PM

    The Sofitel escapades of late taught me that France doesn't extradite its citizens; when it comes to SEC litigation, I'd be long that option as well.

  4. Posted by Joel Sucher | March 10, 2013 at 10:56 AM

    Fabrice, according to one ex-bud, has gone on to do penance in Africa.
    Rwanda's starving population may be eager to participate in Fab's good works; especially if his ex-employer starts purchasing long options on wheat futures just like the old days. .

  5. Posted by Joel Sucher | March 10, 2013 at 11:19 AM
  6. Posted by sohbet | July 25, 2013 at 2:47 PM

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  7. Posted by sohbet | March 29, 2014 at 4:13 PM

    Fabrice, according to one ex-bud, has gone on to do penance in Africa.
    Rwanda's starving population may be eager to participate in Fab's good works; especially if his ex-employer starts purchasing long options on wheat futures just like the old days. .