Trial Of Ex-Goldman Sachs Vice President Begins04:33
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Former Goldman Sachs Group Inc. executive Fabrice Tourre enters Manhattan federal court on the first day of his trial, Monday, July 15, 2013, in New York. (Louis Lanzano/AP)
Former Goldman Sachs Group Inc. executive Fabrice Tourre enters Manhattan federal court on the first day of his trial, Monday, July 15, 2013, in New York. (Louis Lanzano/AP)

Jury selection commences today for the trial of a former Goldman Sachs vice president, Fabrice Tourre.

The Securities and Exchange Commission alleges that Tourre, or “Fabulous Fab” as he was known, and Goldman Sachs misled investors, “about a financial-crisis era transaction that ultimately cost investors more than $1 billion when the housing market collapsed,” the Wall Street Journal reports.

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This segment aired on July 15, 2013.

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