A federal jury in New York has found a former Goldman Sachs vice president dubbed “the Fabulous Fab” liable for fraud in a civil case over a mortgage-backed securities deal that cost investors $1 billion. Jurors found Fabrice Tourre intentionally misled investors in the lead-up to the financial crisis by secretly working with a hedge fund on an investment scheme destined for implosion. One of the more notorious pieces of evidence was an email Tourre wrote to a girlfriend saying, “the whole building is about to collapse anytime now … the only potential survivor, the fabulous Fab.” Tourre could now face a fine or be banned from the industry.