A former Goldman Sachs Group Inc (GS.N) employee pleaded guilty on Wednesday to engaging in insider trading based on non-public information about several companies that were clients of the investment bank, Manhattan federal prosecutors announced.
Woojae “Steve” Jung, who was a vice president with the bank in San Francisco, has agreed to forfeit $130,000 he made through the illegal trades, according to a statement from the office of U.S. Attorney Geoffrey Berman.
via Ex-Goldman Sachs employee pleads guilty to insider trading | Reuters.
