Ex-Goldman Sachs investment banker convicted of insider trading charges

KIFI

Published June 21, 2023 4:31 PM

NEW YORK (AP) — A former Goldman Sachs investment banker has been convicted of insider trading and obstruction of justice charges. The conviction of Brijesh Goel Wednesday in Manhattan federal court capped a weeklong trial. The jury returned its verdict in less than a day. Sentencing was set for Oct. 19. Prosecutors said Goel worked in Manhattan at the investment bank when he shared information about potential merger and acquisition deals with a friend who worked at another investment bank in Manhattan. Prosecutors said that Goel and the friend agreed to split profits from their illegal trading, which amounted to about $280,000.

Article Topic Follows: AP National

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.