'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.
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image: © Simon Pearson