NEW YORK CITY, New York: New York jurors on Thursday found ex-Goldman Sachs trader Fabrice Tourre committed fraud by selling mortgage-linked bonds that were likely to fail.
Tourre, 34, was found liable on six of the seven counts of fraud alleged by the Securities and Exchange Commission during the two-week trial.
The Frenchman became the face of Wall Street greed after the SEC accused him of constructing fraudulent deals that ended up losing clients millions of dollars.
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