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Ex-Goldman Banker Gets Three Months for Insider Trading
A former Goldman Sachs Group Inc. banker was sentenced to three months in prison for using a secret account to reap thousands of dollars in illegal profits by trading on inside information about company clients. Woojae "Steve" Jung, 38, a South Korean citizen from San Francisco who once worked as a vice president at Goldman Sachs, pleaded guilty in December to helping a friend trade by pointing him to stocks Jung had illicit tips on. Prosecutors allege Jung made more than $130,000 in illegal profits by trading through the alias brokerage account tied to the friend in South Korea. “Woojae Jung used material ... (full story)
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- zamans98
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- bulltrap
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careful not to step in a pile of it
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