Goldman trader blames in-house lawyers in response to SEC charge
Fabrice Tourre, the Goldman Sachs trader at the heart of a high-profile fraud claim launched against the bank, has blamed its in-house legal team in his defence, writes Corporate Counsel. In a filing on Monday (19 July) in federal court in Manhattan, the self-described 'Fabulous Fab' denied allegations by the Securities and Exchange Commission (SEC) that he made materially misleading statements or omissions in a 2007 deal involving subprime mortgages.
Fabrice Tourre, the Goldman Sachs trader at the heart of a high-profile fraud claim launched against the bank, has blamed its in-house legal team in his defence, writes Corporate Counsel.
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