Goldman Sachs’s Fabulous Fab Faces SEC Fraud Trial Today

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

(Reuters) - 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.

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http://www.reuters.com/article/2013/07/15/us-goldmansachs-sec-tourr...

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