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by will_brown
3814 days ago
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I think most investors w defrauded by Goldman would believe "mid level" individuals like Fabrice Tourre. He was convicted of fraud by the SEC, for selling toxic mortgages to clients that he and a major fund were secretly betting against, costing his clients $1B in loses. It's quite tacky to name individuals who "should be in prison" without the benefit of all the facts that Gov investigators have. But it's safe to say if a "mid level" guy like Tourre was found guilty, that he was just an actor (w/knowledge) but there must be others more responsible for the fraud. |
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