A former Goldman Sachs Group Inc. banker was found guilty of passing inside information on deals to a once-close friend and squash partner who became the prosecution’s star witness.
Brijesh Goel was convicted Wednesday of tipping off former Barclays Plc trader Akshay Niranjan about deals at Goldman. Niranjan made some $280,000 in illegal profits trading on the information but later flipped on his friend, recording their conversations and cooperating with federal investigators before taking the stand at Goel’s trial in Manhattan federal court.
Source: Ex-Goldman Banker Convicted of Passing Inside Tips to Friend – Bloomberg
