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Goldman Insider Trader Should Get 3.5 Years in Prison, US Says

From bnnbloomberg.ca

Former Goldman Sachs Group Inc. investment banker Brijesh Goel should serve more than three years in prison for sharing confidential deal information with a friend who traded on it, federal prosecutors said. The Manhattan US attorney’s office on Wednesday recommended a term at the low end of the 41-to-51 month guideline for the counts on which Goel, 39, was convicted in June. In addition, Goldman asked for Goel to cover $393,149 in costs it incurred cooperating with the prosecution. The former Goldman vice president is due to be sentenced on Nov. 1 by US District Judge P. Kevin Castel, who is not bound by the ... (full story)

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