University yanks Fabrice Tourre's teaching gig

Fabrice Tourre, a former vice president at Goldman Sachs Group Inc., center, arrives at federal court with his attorney John 'Sean' Coffey, right, in New York, on Thursday, Aug. 1, 2013.
Peter Foley | Bloomberg | Getty Images

On second thought, the University of Chicago won't be having Fabrice Tourre teaching students.

The former Goldman Sachs trader had been slated to teach an undergraduate honors economics course beginning later this month—despite having been found guilty of defrauding investors.

The teaching gig was a requirement of the Ph.D program that Tourre is enrolled in at the university.

The school issued a statement on Tourre's new direction: "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. 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 story was first reported by the Wall Street Journal. To read more, check out the full Journal article.