Fraud Breaking News: Ex-Goldman Trader Found Liable on 6 of 7 Counts in SEC Case

Wochit 1:04 mins

A New York City jury has found that a former Goldman Sachs trader Fabrice Tourre is liable in a massive mortgage securities fraud case. Tourre was found liable in six of seven SEC fraud claims. He faces potential fines and a possible ban from the financial industry. The exact punishment will be determined at a future proceeding. Teresa and Joe Giudice each had their own lawyers when they faced charges in a New Jersey court. COuld they soon be on opposite sides of the table in different kind of courtroom soon? Teresa Giudice's occasional bestie on Real Housewives of New Jersey is sure that her friend is pure when it comes to crime. Kim DePaolo, who might not be the best person to defend you, recently spoke out in Teresa's defense in regard to her 39 counts of fraud that could land her in prison for over 50 years.

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