Goldman's 'Fabulous Fab' lands job teaching economics

Chorizo Board

Fabulous!

The New York Post reports that former Goldman Sachs banker and securities scammer Fabrice Tourre has landed a new gig: teaching an honours economics class at the prestigious University of Chicago.

'Fabulous Fab', as the 34-year-old famously called himself in e-mails to his girlfriend, was found liable by a federal-court jury last August on civil securities charges that were brought by the Securities and Exchange Commission.

While Goldman settled with the SEC for $550m, Tourre decide to leave his fate to a jury.

The jury found Tourre liable on six charges of fraud for perpetrating the $1bn deceptive sales of a complex array of mortgage securities to institutional investors in 2007.

The case is on appeal.

To access the complete New York Post article hit the link below:

Goldman fraudster Fab Tourre to teach honors class 

New eyes at SAC Capital after guilty plea to insider trading

image: © Simon Pearson

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