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Fabrice Tourre gets less fabulous
Fabrice Tourre gets less fabulous

Fabrice Tourre, a senior vice president at Goldman Sachs, found himself in the middle of a mega media storm after the SEC charged the bank with fraud on April 16 and specifically named only one individual: Tourre. The young, self-perceived hotshot had been feeling pretty good about foreseeing the collapse of the subprime market, as an email reveals, but it didn't do much to save him. The same 2007 email also shows some hefty hubris: "The whole building is about to collapse anytime now... Only potential survivor, the fabulous Fab... standing in the middle of all these complex, highly leveraged, exotic trades he created without necessarily understanding all of the implications of those monstruosities!! (sic)"

Though it has since come to light that Tourre may have been something of a fall guy for others running the $2 billion Abacus deal at the center of the fraud, Fab's case is still pending. He and his hilariously overblown ego will forever be the first name remembered in association with the Goldman fiasco, which Goldman settled with the SEC in July for $550 million.



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Last updated December 22 2010: 1:21 PM ET
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