Aug. 1 (Bloomberg) -- Fabrice Tourre, the former Goldman Sachs Group Inc. vice president on trial for his role in a failed $1 billion investment tied to the housing collapse, was
found liable on six of seven claims by a jury in Manhattan.
The Securities and Exchange Commission accused Tourre of intentionally misleading participants in a 2007 deal known as Abacus about the role played by Paulson & Co., the hedge fund of billionaire John Paulson. Su Keenan and Trish Regan report on Bloomberg Television's "StreetSmart." (Source: Bloomberg)