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Goldman Sachs vice president charged with insider trading
Source: Reuters
BANKS MAY 31, 2018 / 12:18 PM / UPDATED AN HOUR AGO
Goldman Sachs vice president charged with insider trading
Brendan Pierson
3 MIN READ
NEW YORK (Reuters) - Federal prosecutors charged a vice president at Goldman Sachs Group Inc (GS.N) on Thursday with insider trading by illegally using non-public information about several companies that were clients of the investment bank.
Prosecutors said Woojae “Steve” Jung, a 37-year-old Korean citizen, made more than $130,000 by trading illegally on confidential information relating to upcoming transactions and merger negotiations that he was privy to through his job.
Authorities said Jung, who joined Goldman in 2012 and worked in San Francisco, conducted his trades through a brokerage account in the name of a friend living in South Korea.
“Woojae Jung violated his duty to his company and traded on stolen insider information, over and over again,” U.S. Attorney Geoffrey Berman in Manhattan said in a statement.
-snip-
Goldman Sachs vice president charged with insider trading
Brendan Pierson
3 MIN READ
NEW YORK (Reuters) - Federal prosecutors charged a vice president at Goldman Sachs Group Inc (GS.N) on Thursday with insider trading by illegally using non-public information about several companies that were clients of the investment bank.
Prosecutors said Woojae “Steve” Jung, a 37-year-old Korean citizen, made more than $130,000 by trading illegally on confidential information relating to upcoming transactions and merger negotiations that he was privy to through his job.
Authorities said Jung, who joined Goldman in 2012 and worked in San Francisco, conducted his trades through a brokerage account in the name of a friend living in South Korea.
“Woojae Jung violated his duty to his company and traded on stolen insider information, over and over again,” U.S. Attorney Geoffrey Berman in Manhattan said in a statement.
-snip-
Read more: https://www.reuters.com/article/us-goldman-sachs-insidertrading/goldman-sachs-vice-president-charged-with-insider-trading-idUSKCN1IW2CY
4 replies
= new reply since forum marked as read
= new reply since forum marked as read
Just freakin' amazing the way this same exact # $130,000 keeps coming up.
Oh Stormy, where art thou? 
