Nightly News   |  August 01, 2013

Former Goldman Sachs trader found guilty of fraud

Fabrice Tourre, nicknamed “Fabulous Fab,” was found liable in six of seven SEC fraud claims Thursday in a case brought in response to the 2007 mortgage crisis. NBC’s Brian Williams reports.

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>>> a jury decided that a former wall street trader should pay for his role in the toxic mortgage crisis that was such a big part of the meltdown. he is fabrice turet, a french born, former goldman sachs trader. in the five years since the meltdown the only big banker to get brought down by regulators. found guilty in six of seven counts against him. in a civil trial in new york. he faces fines now and possible ban from wall street .