• Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Experts in Risk
  • Class Actions
  • Criminal
  • Events
  • Features
  • Global
  • People
  • SEC
Browse: Home / 2022 / July / 31 / Big Wall Street Pay Is Risked for Tiny Gains in Insider Cases – Bloomberg

Big Wall Street Pay Is Risked for Tiny Gains in Insider Cases – Bloomberg

By Securities Docket on July 31, 2022, 2:29 pm

Brijesh Goel had made it from investment banker to a principal at Apollo Global Management when he was arrested for allegedly passing deal tips during his time at Goldman Sachs Group Inc. For now, prosecutors claim he made $85,000 from the scheme.

It’s a staggeringly low number for a banker with Goel’s potential: A vice president at Goldman can make $750,000 a year, while a principal at Apollo can make upwards of $1 million with the promise of much more to come.

***

“They do it because they think they’re never going to get caught,” said Jeffrey Cramer, a former prosecutor who is now a senior managing director at security and investigations firm Guidepost Solutions LLC. “It’s free money.”

Source: Big Wall Street Pay Is Risked for Tiny Gains in Insider Cases – Bloomberg

Posted in Criminal, SEC, Top | Tagged Insider Trading

« Previous Next »

Subscribe

‘Enforcement 40’ for 2020

The inside story behind the collapse of Queensland Nickel

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2023 Securities Docket.

  • Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
  • Criminal
  • Class Actions
  • Features
  • Global
  • People
  • SEC
  • Events