Monday, April 19, 2010

End game in sight for Goldman?

Fabrice Tourre, the Goldman Sachs Group Inc. employee at the center of the U.S. government lawsuit alleging securities fraud, has decided to take some personal time off and hasn't said when he will return to work, according to a person familiar with the matter.

Goldman spokesman Lucas van Praag confirmed in an email that Mr. Tourre is on "paid leave with no end date." 

Let's see. He was paid $2 million for the deal, that Goldman supposedly lost $90 million on.

Now he's getting paid to be the fall guy---with "no end date!"

Yesterday, Goldman said he had done nothing wrong, therefore there was no need to suspend him.

So today he gets paid personal time off!