Jurors picked in SEC fraud case against Goldman’s Fabrice Tourre

July 16, 2013

Former Goldman Sachs bond trader Fabrice Tourre arrives at the Manhattan Federal Court in New York, July 15, 2013. REUTERS/Lucas Jackson

The trial of former Goldman Sachs Group Inc bond trader Fabrice Tourre began with the selection of five women and four men as jurors on Monday, in a case centering on alleged Wall Street wrongdoing during the financial crisis.

The U.S. Securities and Exchange Commission accuses Tourre, 34, of civil fraud, saying he misled investors in a mortgage investment called Abacus 2007-AC1. The case is the highest-profile to date stemming from the SEC‘s probe into the causes of the 2008 financial crisis.

The three-week trial stems from a lawsuit the SEC filed against Goldman Sachs and Tourre in 2010.

Source: http://12160.info/forum/topics/jurors-picked-in-sec-fraud-case-against-goldman-s-fabrice-tourre

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