Fabulous Fab's defense team call no witnesses, feeling cocky

Gavel

Lawyers for ex-Goldman Sachs banker Fabrice Tourre rested Monday without calling a single witness, including hedge-fund honcho John Paulson, who played a key role in the case.

The New York Post reports that the move - after two weeks of testimony by witnesses for the Securities and Exchange Commission - suggested the defense team was feeling cocky enough to send the case to the jury.

Both the government and Tourre’s lawyers are set to launch into their roughly 2.5 hour closing arguments in the fraud trial with the nine-member jury likely to start deliberating on Wednesday.

The SEC has alleged that the 34-year-old midlevel banker misled investors about the role of Paulson in a complex $1bn subprime-mortgage deal known as Abacus.

The SEC called nearly a dozen witnesses to testify, including Tourre. His three days on the stand were the highlight of an otherwise jargon-filled trial that lulled some jurors to sleep.

Hit the link below to access the complete New York Post article:

Defense calls no witnesses in Tourre case

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