Economics
Tourre Tells Jurors ‘I Haven’t Done Anything Wrong’
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Fabrice Tourre made one final attempt to convince jurors in Manhattan that he didn’t defraud investors in a 2007 mortgage bond-backed investment that lost them $1 billion when the U.S. housing market crashed.
“I haven’t done anything wrong, as I’m here literally to tell the truth and to clear my name,” Tourre, 34, said yesterday as he wrapped up his testimony in the trial of the U.S. Securities and Exchange Commission’s civil fraud case against him.