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Trader Tourre gets $825,000 penalty

Former Goldman Sachs trader was last year found liable of violating securities laws and defrauding investors

Fabrice Tourre, a former Goldman Sachs Group trader, was ordered to pay more than $825,000 after a federal jury last year found him liable of violating federal securities laws and defrauding investors.

Judge Katherine Forrest ordered Tourre to turn over $175,463 in gains related to a deal that imploded during the financial crisis, in addition to $650,000 in civil penalties.

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