Poor Bastard. Wonder how many more throw aways GS has sitting around waiting to be sacrificed. 31 years old he can do 5-10 standing on his head and pick up the check before he turns 40 and enjoy life on the south of France........ if there is anything left in the south of France by the time he gets out.
Goldman Sachs Says SEC Case Hinges on Actions of One Employee - Bloomberg.com: "Goldman Sachs Says SEC Case Hinges on Actions of One Employee
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By Christine Harper and David Scheer
April 21 (Bloomberg) -- Goldman Sachs Group Inc. said the U.S. fraud case against the firm hinges on the actions of the employee it placed on paid leave this week.
Fabrice Tourre, the 31-year-old Goldman Sachs executive director who was accused of misleading investors about a mortgage-linked investment in 2007, will also be de-registered from the Financial Services Authority, a spokeswoman at the firm in London said yesterday.
“It’s all going to be a factual dispute about what he remembers and what the other folks remember on the other side,” Greg Palm, Goldman Sachs’s co-general counsel, said in a call with reporters yesterday, without naming Tourre. “If we had evidence that someone here was trying to mislead someone, that’s not something we’d condone at all and we’d be the first one to take action.”"
Goldman Sachs is going to need an army of expensive, high power lawyers if this poor young bastard, David Sparks, a former head of Goldman’s mortgage department gets thrown into the courts.
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