{"id":233,"date":"2007-09-26T19:10:47","date_gmt":"2007-09-26T19:10:47","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/09\/exgoldman_sachs_co_employee_pl"},"modified":"2021-11-12T13:08:05","modified_gmt":"2021-11-12T19:08:05","slug":"exgoldman-sachs-co-employee-pl","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/exgoldman-sachs-co-employee-pl\/","title":{"rendered":"Ex-Goldman Sachs & Co. Employee Pleads Guilty To Operating Multi-Million Dollar Insider Trading Scheme"},"content":{"rendered":"

\t\t\t\tFormer Goldman Sachs & Co. Associate Eugene Plotnik has pled guilty to conspiracy to commit securities fraud<\/a>, in addition to eight counts of insider trading<\/a>. The charges carry a maximum of 165 years in prison.<\/p>\n

Plotnik had been charged with running a “multi-faceted,” multi-million dollar scam that used inside information from at least three sources to conduct trading. The sources included a Merrill Lynch analyst, a federal grand juror, and two printing press employees that stole advance copies of a business publication with nonpublic information. <\/p>\n

As part of his plea agreement, however, Plotnik promised that he would not appeal a lighter sentence ranging from 4 years and 9 months to 5 years and 11 months in prison. He also agreed to repay the money. More than $6.7 million acquired from the scheme is in illegal gains. Federal authorities have already frozen bank accounts to secure most of the funds. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Former Goldman Sachs & Co. Associate Eugene Plotnik has pled guilty to conspiracy to commit securities fraud, in addition to eight counts of insider trading. The charges carry a maximum of 165 years in prison. Plotnik had been charged with running a “multi-faceted,” multi-million dollar scam that used inside information from at least three sources […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3754,3811],"tags":[],"class_list":["post-233","post","type-post","status-publish","format-standard","hentry","category-goldman-sachs-1","category-insider-trading"],"yoast_head":"\nEx-Goldman Sachs & Co. Employee Pleads Guilty To Operating Multi-Million Dollar Insider Trading Scheme — Investor Lawyers Blog — September 26, 2007<\/title>\n<meta name=\"description\" content=\"Former Goldman Sachs & Co. 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