Convicted fraudster Tourre not allowed to teach at college

Convicted fraudster and ex-Goldman Sachs banker Fabrice Tourre won't be allowed to influence undergraduates at the University of Chicago after all.

The university, where Tourre is a Ph.D. candidate, has changed his teaching schedule.

"As preparations continue for the Spring Quarter, Fabrice Tourre will no longer be assigned as an instructor for Honors Elements of Economic Analysis in the College," the university said in a statement, referring to an undergraduate honors class.

"Instead he will be able to fulfill the teaching requirements for his Ph.D. program through opportunities in his department's graduate-level curriculum," the university continued.

It declined to elaborate, except to say that one of the requirements to get a Ph.D. is "compensated service equivalent to five appropriate teaching assistantships."

Tourre, 34, was found liable by a federal-court jury last August on civil securities charges related to selling mortgage securities in 2007.

The case is on appeal.

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