Former Goldman Sachs Trader Testifies in Fraud Case

For many, Fabrice Tourre has become the symbol of Wall Street greed that defined the financial crisis. He’s accused of misleading investors and secretly helping hedge fund manager John Paulson construct the mortgage security he could then bet against. Tour is now facing civil charges in a New York courthouse, and on Wednesday he took the witness stand. Mary Thompson was in the courthouse and has the details for NBR.

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