Four months after being found liable for defrauding investors in a soured mortgage deal, Fabrice Tourre now faces a stiff financial penalty for his actions, the New York Times DealBook Blog reported today. The Securities and Exchange Commission disclosed yesterday that it is seeking $910,000 in fines against Tourre, a former Goldman Sachs vice president whose defeat handed the government its first big legal victory in a case arising from the financial crisis. The government is also seeking the forfeiture of $175,463 in ill-gotten gains, along with $62,858.03 in interest. Tourre faces a significant fine for his part in a failed investment that has become one of the most enduring symbols of the 2008 financial crash. He was found liable for six of seven counts of civil fraud.
