Here's a fun one. Remember Fabrice Toure, owner of the infamous emails from Goldman that the SEC is still battling of Abacus? Apparently, he is now at University of Chicago and is even a TA.
The SEC sued Goldman and Mr. Tourre, then a vice president, in April 2010, alleging they misled investors on a collateralized-debt obligation called Abacus 2007-AC1 that produced big losses for investors and big gains for hedge-fund firm. A collateralized-debt obligation, or , pools loans, such as subprime mortgages, with slices of the security sold to investors.
Mr. Tourre's emails formed a central part of the regulator's case and created a sensation on Wall Street. The messages disclosed both a sense of humor--in one email, he refers to himself as "the fabulous Fab"--and a keen awareness of the looming crisis.
I honestly hadn't even thought of this guy in forever till I read this article, and I'm not really sure how I feel about it. You'd think there would be some larger ramifications for him than just a civilagainst him. I'm amazed the stigma hasn't followed him further; maybe I'm underestimating the seriousness or relevance of all this?
Meanwhile, back in Chicago, Mr. Tourre is embracing an upscale version of the graduate student's life. Goldman placed Mr. Tourre on unpaid leave in late 2011, and he returned to school. He left the firm, which continues to pay his legal bills, this past December.
I'm not trying to say he shouldn't be pursuing his education and getting on with his life, but he seems to be a bit 'too' nonchalant about the whole situation. I guess it helps when you have Goldman footing all your legal bills, or maybe it is compensation for him being the fall guy?