[cnn-photo-caption image=http://i2.cdn.turner.com/money/.element/img/1.0/sections/mag/fortune/fortune500/2009/snapshots/goldman_sachs_bldg.jc.jpg caption="Goldman Sachs Group" width=300 height=169]
CNNMoney.com Staff Writer
The SEC's fraud charges against Goldman Sachs focus on a Frenchman known as the "fabulous Fab."
At least, that's how Fabrice Tourre described himself, according to a 22-page complaint filed by the Securities and Exchange Commission on Friday.
Facebook Digg Twitter Buzz Up! Email Print Comment on this story
The Securities and Exchange Commission accused Tourre, a vice president at the investment firm Goldman Sachs (GS, Fortune 500), of defrauding investors in a securities sale tied to subprime mortgages. The SEC's court document, which was filed in U.S. District Court in the Southern District of New York, includes various comments allegedly made by Tourre in which he misled representatives from ACA Management about collateralized debt obligations, or CDOs.
But the SEC's most damning allegations refer to one of Tourre's e-mails, written in French and English, to an unnamed friend, where he confidently presented himself as the lone, "fabulous" survivor amid the apocalyptic fallout of his finance firm.
Filed under: Economy
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
Questions or comments? Send an email
Want to know more? Go behind the scenes with