SEC wins as ex-Goldman executive Tourre found liable for fraud

A jury found former Goldman Sachs vice president Fabrice Tourre liable for fraud for his role in a failed mortgage deal that cost investors US$1 billion, in a big victory for the US Securities and Exchange Commission.

via Business feed http://www.scmp.com/business/banking-finance/article/1293773/sec-wins-ex-goldman-executive-tourre-found-liable-fraud