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Fabrice Tourre Will Beat These Financial Crisis Charges, Just Like He Beat The Fightin' Friedmans

(Before his season-ending injury.)
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(Before a season-ending injury that might've strained his tendons but never broke his spirit!)

Since he first emerged three years ago as the Goldman Sachs Group employee at the center of one of the most bruising regulatory battles in the firm's history, Mr. Tourre has settled into the cloistered world of academia. He is pursuing a doctorate in economics at the University of Chicago and working as a teaching assistant. Mr. Tourre was even captain of his indoor intramural soccer team, the Bootstrappers. The squad went undefeated until an Achilles tendon injury in January sidelined Mr. Tourre for the season. That didn't deter him from attending Sunday morning games, via crutches, to cheer on his teammates...He is also the last man standing in one of the Securities and Exchange Commission's biggest postfinancial-crisis enforcement cases. Goldman in July 2010 agreed to pay $550 million to settle the SEC's complaint, without admitting or denying the allegations. The firm acknowledged its marketing materials on Abacus "contained incomplete information" by not disclosing Paulson's role in the deal. Mr. Tourre refused to settle and continues his legal fight to clear his name. A trial is slated to begin in July...Mr. Tourre was voted most valuable player in some Bootstrapper games until his injury.

From 'Fabulous Fab' to Grad Student [WSJ]


That's Dr. Fab Tourre To You!

Goldman Sachs's former resident of fabulousness is going back to school. The Securities and Exchange Commission alleged in a 2010 complaint that Goldman Sachs and Fabrice Tourre, 33, who is on unpaid leave, defrauded investors in a collateralized debt obligation known as Abacus 2007-AC1. The regulator identified Tourre as a “resident of Kigali, Rwanda,” in court papers filed March 21 in Manhattan federal court. Tourre had been in the African nation’s capital working for a non-governmental organization before beginning his studies at the University of Chicago, according to a person familiar with his travels who declined to be identified because the matter isn’t public. “Tourre is a U.S. resident studying for a Ph.D. in economics at the University of Chicago,” his lawyer, Pamela Rogers Chepiga, said in a statement March 21. Steve Koppes, a university spokesman, said Tourre has been enrolled in the program since September. [Bloomberg]

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Fab Tourre’s Fabulousness Extends To Grading Papers

The newly-minted PhD. Brings more empathy to the task of TAing a class in asset pricing than his students can possibly imagine.