Ex-Goldman banker gets three years in prison for insider trading

investment banker was sentenced on Wednesday in Manhattan to three years in prison, after being convicted of passing tips about potential mergers that the Wall Street bank was working on.

Brijesh Goel, 39, who had been a Goldman vice president, was sentenced by U.S. District Judge Kevin Castel in Manhattan federal court. Goel was convicted in June on four counts of securities fraud, conspiracy and obstruction of justice.Goel had asked to be sentenced to time served, followed by immediate deportation to India.

He grew up in Gurugram, a Delhi suburb, and moved to the United States after getting married in 2014.Akshay Niranjan about at least six potential mergers in which Goldman was involved in 2017 and 2018, including a takeover of Spirit Airlines headtopics.com

Goel allegedly learned the information from internal Goldman emails and passed the tips while playing squash. Prosecutors said he also obstructed a federal grand jury and the Securities and Exchange Commission by asking Niranjan to delete text messages about the scheme, which generated about $280,000 of profits.Goel’s sentence also includes three years of supervised release, a $75,000 fine, an $85,000 forfeiture, and restitution to be determined later.They also said deportation, “along with all of the other life-shattering penalties already inflicted on Mr.

Goldman Sachs no longer sees US government shutdown in 2023Goldman Sachs released a forecast finding it’s unlikely that a government shutdown will occur before the end of this year as Congress faces a Nov. 17 funding deadline. Read more ⮕

Goldman Sachs no longer sees US government shutdown in 2023Goldman Sachs on Monday released an analysis finding that a government shutdown before the end of the year is unlikely — although it remains a po… Read more ⮕

Goldman Sachs Group Inc.’s stock extends recent gains in premarketSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch. Read more ⮕

How much does a Goldman Sachs analyst make?An analyst at Goldman Sachs typically makes well above the average U.S. salary. Read more ⮕

Boeing gains as Goldman Sachs names it Top PickBoeing gains as Goldman Sachs names it Top Pick Read more ⮕

‘Waning fundamentals’ weighing on ZoomInfo Technologies‘Waning fundamentals’ weighing on ZoomInfo Technologies – Goldman Sachs Read more ⮕