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Ex-Goldman Sachs investment banker convicted of insider trading charges

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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

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Associated Press

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