The defense team for former Goldman Sachs bond trader Fabrice Tourre has rested its case without calling any witnesses, and summations in the government's case against him are scheduled to begin Tuesday.
The defense's decision follows earlier reports that hedge fund billionaire John Paulson would not testify in the high-profile civil case taking place in federal court in New York.
The U.S. Securities and Exchange Commission accuses Tourre of failing to tell investors that Paulson's hedge fund firm intended to bet against Goldman Sachs' Abacus 2007-AC1. The $2 billion offering was tied to subprime mortgage bonds and known as a synthetic collateralized debt obligation.
Tourre denies wrongdoing.