Fabrice Tourre Could Use An Endowed Professorship Right About Now

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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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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]