Business

Fab takes leave of Goldman

The divorce is official.

Goldman Sachs trader Fabrice Tourre — accused of misleading investors in a trade that ultimately cost the firm $550 million in fines — has left the building for good, sources said.

The trader had been on paid leave since shortly after the Securities and Exchange Commission accused him of fraud in April 2010 for putting together the now-infamous Abacus bond deal.

In November 2011, Tourre quietly changed his status to unpaid leave, a company spokesman said. Then, in December 2012, he left the Wall Street firm completely.

The SECT fraud charges allege that the 35-year-old trader orchestrated the sale of complex mortgage securities to an investor that a hedge fund bet against.

“Tourre’s not spent much time in [Goldman’s] offices in the past two years,” said one source.

The case is on track to go to trial this summer.

WSJ.com first reported that Tourre left the firm.