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Better Markets Statement on Ex-Goldman VP Fabrice Tourre’s $825,000 Fine

Earlier today, a New York federal court ordered former Goldman Sachs Vice President Fabrice Tourre to pay $825,000 for violating federal securities laws and defrauding investors in connection with Goldman’s infamous Abacus derivatives deal with hedge fund manager John Paulson. Dennis Kelleher, President of Better Markets, a nonprofit organization that promotes the public interest in the financial markets, issued the following statement: