Fabrice Tourre Could Use An Endowed Professorship Right About Now

Technically he hasn’t yet completed his doctorate program and, yes, he’s only served as a TA for other people’s courses so far, but maybe just sleep on it, Chicago. He could really use the cash.

Fabrice Tourre, a former Goldman Sachs Group Inc. trader, was ordered to pay more than $825,000 after a federal jury last year found him liable of violating federal securities laws and defrauding investors. Judge Katherine Forrest on Wednesday ordered Mr. Tourre to disgorge $175,463 in gains related to a deal that imploded during the financial crisis, in addition to $650,000 in civil penalties…Mr. Tourre has stated that he doesn’t currently plan to return to the securities industry. Instead, he is slated to teach an economics course this spring at the University of Chicago, where he is in the midst of pursuing a doctorate in economics and has worked as a teaching assistant to other professors.

He can show you an embargoed copy of his syllabi for the fall, if it’d help.

Fabrice Tourre Ordered to Pay More Than $825,000 [WSJ]

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19 Responses to “Fabrice Tourre Could Use An Endowed Professorship Right About Now”

  1. Guest says:

    Poor guy took it on the chin for Goldman. Goldies owe it to him to pay the fine.

  2. Guest says:

    He may not have future earnings to cover the fine, but being fabulous at Goldmans during the CDO boom should have netted him a couple bucks in the bank.

    • Cash Adjust says:

      Yes, it is disgorgement in the recent ruling. They don't simply make up the figure, he provided his compensation for that period.

  3. Guest says:

    He could just change his name. Something like Fabio Torres would suit him well.

  4. Ham Sandwich says:

    Ronda Rousey would mop the floor with this guy.

  5. GS HR says:

    Dear Mr, Tourre,

    Upon payment of the $825,000, we are delighted to inform you that you have officially completed the 489th round interview and we are now prepared to offer you employemnt with our firm. Our interview process is a bit more involved than most firms, and we hope you have learned about us and yourself while blowing our clients out of the water during the finanicla crisis, a level in the hiring process that most candidates do not achieve. We await your decision on on our offer.


    GS HR

  6. early front runner for comment of the week.