Former Vice President at Goldman Sachs was involved in insider trading

 Breaking News
  • Microsoft, Amazon and eBay are at record highs On Tuesday, securities of Microsoft Corp, Inc and eBay Inc broke records. The rush of investors’ demand for the shares of those companies involved in electronic commerce caused such...
  • Quarantine in Hong Kong is not for everyone Hong Kong is rescuing its stock exchange. In order to give life to the trading platform, the administration of the metropolis has shown flexibility concerning quarantine measures. So, Christopher Hui...
  • Economy of Japan demonstrates recession In the first quarter of this year, the economy of the Land of the Rising Sun dropped by 0.6% in monthly terms. The figures are not optimistic but are better...
  • Energy market news On Saturday, representatives of the countries included in the OPEC+ cartel managed to agree on the extension of the restrictions on oil production. It also became known that those countries...
  • Bentley fires employees in order to prevent losses in 2020 The Bentley brand has long been synonymous with luxury living. Unfortunately, the British automaker has to save because of a forced two-month break. The company’s CEO Adrian Hallmark said to...
Former Vice President at Goldman Sachs was involved in insider trading
January 08
13:00 2020

One of the former top managers at Goldman Sachs Bryan Cohen admitted that he had been involved in conspiracy. We are talking about insider trading and fraud with valuable assets.

Manhattan prosecutors accuse former Goldman vice president and five others of fraudulent transactions. Mr. Cohen was accused on 5 points. Before the trial scheduled for February, he took the blame regarding one of them.

According to Cohen’s lawyer Benjamin Brafman, his client will be able to avoid trial if he comes up with the confession. As a French citizen, he can be deported from the United States.

Cohen initially worked at the Goldman office in London. In 2017, he moved to New York. According to the prosecutor’s office, from 2015 to 2017, he stole and passed secret information regarding future transactions to a Swiss trader.  And in return he got substantial compensation for this.

Not only Cohen is accused of insider trading. A couple of months ago, authorities also accused two investment bankers – Benjamin Taylor from the investment banking firm Moelis and Darina Windsor from the boutique investment bank Centerview Partners. Prosecutors believe that they conducted fraudulent transactions and were involved in a large-scale scheme for millions of dollars.


The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company
UFT Group

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment