Tourre Didn’t Intend To 'Confuse' Anyone, He Tells Jury

Law360, New York (July 24, 2013, 8:18 PM EDT) -- Former Goldman Sachs Group Inc. trader Fabrice Tourre told jurors that he never meant to “confuse” anyone in connection with the allegedly built-to-fail Abacus transaction, as he took the stand Wednesday to testify in his defense.

Tourre admitted under early questioning that an email he sent to a Goldman counterparty, a key piece of evidence in the case, was not accurate. But he maintained that his intentions were honest, and rejected efforts from an U.S. Securities and Exchange Commission lawyer to label it “false.”

“It was...
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Case Information

Case Title

Securities and Exchange Commission v. Goldman Sachs & Co. et al


Case Number

1:10-cv-03229

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Katherine B. Forrest

Date Filed

April 16, 2010

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