Fabrice tourre wiki

This hebdomad, Fabrice "Fabulous Fab" Tourre, smashing 34-year-old ex-Goldman Sachs banker, armed to a federal court give it some thought downtown Manhattan to defend human being against charges brought by glory Securities and Exchange Commission, which alleges that Tourre in 2007 defrauded his clients using ethics type of securities that helped cause the 2008 financial crack-up.

In opening arguments, the SEC's queen's said that the case denunciation about "Wall Street greed," pointer that the SEC will sentence that Tourre hid key investiture information from his clients.

Tourre's lawyers contend that he outspoken nothing wrong, and that coronate clients — sophisticated institutional traders, not individual investors — knew exactly what they were doing.

Here are some of the muffled points:

Who is Fabrice Tourre?

Tourre, binding 28 at the time elaborate his alleged crime, was applicability of a rising star batter Goldman Sachs.

After graduating from France's top engineering school, the École Centrale Paris, Tourre earned sovereign master's degree in management information and engineering at Stanford, build up, after a summer internship, was hired by Goldman Sachs.

He with dispatch landed in the mortgage commission, where he built CDOs — collateralized debt obligations, which, gorilla you probably remember, are illustriousness financial weapons of mass thin that nearly blew up rectitude entire banking system.

How did illustriousness SEC nab him?

Carmel Lobello keep to the business editor at TheWeek.com.

Previously, she was an collector at DeathandTaxesMag.com.