Fabrice Tourre denies fraud allegations
FABRICE Tourre, the London-based Goldman Sachs banker at the centre of a $1bn (£650m) fraud investigation, has filed court papers describing the case against him as “improperly vague, ambiguous and confusing”.
A 13-page response filed by Tourre’s lawyers with US regulator the Securities and Exchange Commission (SEC) denies almost all of the 74 allegations against him over a mortgage backed security he designed and sold. It claims the evidence omits critical facts and is based on information known to many Goldman Sachs employees.
Yesterday’s document set out nine defences, including a claim that as a French citizen Tourre was not aware of the legal requirements in his role.