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]

19 comments (hidden to protect delicate sensibilities)
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Comments (19)

  1. Posted by Guest | March 12, 2014 at 2:13 PM

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

  2. Posted by Guest | March 12, 2014 at 2:19 PM

    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.

  3. Posted by Guest | March 12, 2014 at 2:32 PM

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

  4. Posted by Laddy | March 12, 2014 at 2:41 PM

    Usually you have to carry a 200 lb oak log and when the dude raises the saw, you -t-bar him. (that's what most people around GS will be carrying tomorrow, anyway.)

  5. Posted by Ham Sandwich | March 12, 2014 at 2:49 PM

    Ronda Rousey would mop the floor with this guy.

  6. Posted by Brian Earl Spillner | March 12, 2014 at 2:58 PM

    Fredo Toretto

  7. Posted by Cash Adjust | March 12, 2014 at 2:59 PM

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

  8. Posted by GS HR | March 12, 2014 at 3:01 PM

    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

  9. Posted by East Texas | March 12, 2014 at 3:23 PM

    Worst comment since 2011.

  10. Posted by True Mo-D | March 12, 2014 at 4:36 PM

    Democrat Judge = CORRUPT TRASH

  11. Posted by M. Thomas | March 12, 2014 at 4:45 PM

    Doesn't always work..

  12. Posted by guest | March 12, 2014 at 4:52 PM


  13. Posted by guest | March 12, 2014 at 4:52 PM

    early front runner for comment of the week.

  14. Posted by Turnip Truck | March 12, 2014 at 5:12 PM

    She probably took a 90% hit to her comp when she went from being a Cravath partner to a judge, sport.

  15. Posted by Publish | March 12, 2014 at 5:27 PM

    Like leaving GS to an associate professorship, if he's lucky, and vastly more writing and work.

  16. Posted by Over ruled | March 12, 2014 at 5:27 PM

    Judge specifically forbade it.

  17. Posted by Matt L | March 12, 2014 at 5:39 PM

    Leaving GS to become a media journalist > leaving GS to become a TA

  18. Posted by Guest | March 13, 2014 at 7:52 AM

    Are the typos a subtle joke that's going over my head or did GS outsource HR to India to save a few bucks?

  19. Posted by ProgDVB 7.02.6 | March 16, 2014 at 6:30 PM

    early front runner for comment of the week.