Fabrice Tourre Only Individual Goldman Sachs Exec to Face SEC Suit

Jury selection commences July 15 for the trial of a former Goldman Sachs Group Inc (NYSE:GS) vice president, Fabrice Tourre. It’s a case of lies, trickery, deception and Wall Street greed. That’s what the Securities and Exchange Commission told a federal court jury yesterday as it opened its case against former Goldman Sachs Group Inc (NYSE:GS) banker Fabrice Tourre or “Fabulous Fab” as he was known. Securities and Exchange Commission Claims The funky and complex mortgage securities Tourre was shopping are known as synthetic collateralized debt obligations, or CDOs. The banker sold them without telling buyers that hedge fund heavyweight John Paulson…