Jul 20, 2010
In Response to SEC Settlement, Goldman Sachs Trader Blames In-House Lawyers
Goldman Sachs trader Fabrice Tourre has chosen a novel defense against regulators accusing him of fraud: He’s blaming the in-house lawyers. In a filing Monday in federal court, the self-described “Fabulous Fab” denied SEC allegations that he made materially misleading statements or omissions in a 2007 deal involving subprime mortgages