Ex-Goldman Banker Gets Three Months for Insider Trading | Metals Mine

  • Ex-Goldman Banker Gets Three Months for Insider Trading

    From bnnbloomberg.ca

    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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bulltrap
Jun 11, 2019 1:58am
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Quoting zamans98
"Prosecutors allege Jung made more than $130,000 in..." So what the final amount? $130K or more ? But still not millions. What a poor decision. Make big or go home
😂 just enough to pay Wharton back on those loans. This banker was definitely not a trader.
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swagtrading
Jun 11, 2019 2:24am
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Just 3 months Jail for insider trading?
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zamans98
Jun 10, 2019 7:48pm
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"Prosecutors allege Jung made more than $130,000 in..."
So what the final amount? $130K or more ?

But still not millions. What a poor decision. Make big or go home
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