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Ex-Goldman trader 'Fabulous Fab' loses fraud case

" Former Goldman Sachs trader Fabrice Tourre, the self-proclaimed "Fabulous Fab" who became a symbol of Wall Street's role in the financial crisis, was found liable for fraud today after a two-week trial in a Manhattan federal courtroom.

"The jury verdict came a little more than three years after securities regulators who brought the civil case announced a $550 million settlement with Goldman Sachs in its role in an investment deal Tourre put together.

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