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SEC takes Goldman’s ‘Fabulous Fab’ to trial in civil fraud case

Reuters – The U.S. Securities and Exchange Commission heads to trial Monday against a former Goldman Sachs bond trader in a case it says highlights what went wrong on Wall Street in the financial crisis.

Jury selection begins in federal court in New York in the civil fraud case against Fabrice Tourre, 34, who the SEC says misled investors in an ill-fated mortgage securities investment called Abacus 2007-AC1.

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