It was finally the day of reckoning for former Harvard graduate / ex-Goldman Sachs analyst / insider trading ring mastermind Eugene Plotkin. He'll be going 'away' for nearly five years.....
Eugene Plotkin, 28, who had pleaded guilty to conspiracy to commit securities fraud and to insider trading charges, also was ordered to pay a $10,000 fine and forfeit $6.7 million.
He will serve four years and nine months in prison under the sentence handed down by U.S. District Judge Richard Holwell in Manhattan.
Federal prosecutors accused Plotkin and another former Goldman employee, David Pajcin, of trading off tips leaked by an ex-Merrill Lynch and Co Inc (MER.N: Quote, Profile, Research) investment banking analyst and also from stolen advance copies of BusinessWeek that they obtained from printing plant workers."I feel immense remorse regarding the lapse in judgment and the actions that brought me before you today," Mr. Plotkin said prior to sentencing.
Ex-Goldman analyst gets prison in insider case - Reuters
Goldman Ex-Analyst Gets 4 Years in Insider Schemes - Wall Street Journal
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