Bernie Madoff went to prison for defrauding rich people. People like Tourre & the executives at Goldman Sachs get a fine for helping bring down the whole economy.http://www.cbsnews.com/news/judge-orders-ex-trader-fabulous-fab-tourre-to-pay-825k/
A former Goldman Sachs trader dubbed "Fabulous Fab" has been ordered to pay about $825,000 in a securities fraud case stemming from the 2007 mortgage crisis that helped push the country into recession.
A federal judge in Manhattan issued the ruling Wednesday in the civil case against Fabrice Tourre. He was found liable after a trial last summer.
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The federal Securities and Exchange Commission said Tourre misled institutional investors about subprime mortgage securities that he knew were destined to fail. SEC lawyers called him a symbol of "Wall Street greed."
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