Report: Goldman's Fabrice Tourre to Testify before Senate

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Fabrice Tourre, the Goldman Sachs employee at the center of the SEC fraud charges against the bank, will testify at a Senate hearing next week, Bloomberg reports.

Citing two people briefed on the plan, Bloomberg report that the 31-year-old may defend his role in creating and marketing a complex security that regulators say misled investors.

Goldman Sachs CEO Lloyd Blankfein is also scheduled to appear before the Senate Permanent Subcommittee on Investigations on April 27.

Earlier Wednesday, Bloomberg also raised the possibility that Goldman was looking to distance itself from Tourre, saying that the entire fraud case hinged on his actions.

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