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."
The 31-year-old Frenchman didn't come into his London office Monday, this person said. He remains an employee at Goldman, where he is an executive director.
According to the Securities and Exchange Commission, Mr. Tourre was "principally responsible for the structuring and marketing" of the product at the center of the SEC complaint. Mr. Tourre, who worked in New York at the time but has since moved to London, helped arrange the deal, believing the housing market was about to collapse, the SEC says.
Mr. Tourre hasn't responded publicly to the allegations. Goldman says it has done nothing wrong and is fighting the charges, filed Friday in a New York federal court.
Mr. Tourre received a paycheck of more than $2 million as a vice president in the firm's New York office in 2007, people familiar with the matter say. That compensation was due partly to his success with the deal at the center of the controversy, according to one of those people.
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