Posted on Jun 3, 2018
Goldman Sachs Vice President Charged With Insider Trading
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Woojae “Steve" Jung used non-public information about deals involving a dozen customers, according to records unsealed Thursday in Manhattan federal court. In total, Jung is accused of making $140,000 in illegal profits by trading through an alias brokerage account tied to a friend in South Korea.
When your making really good money why do they need to do this ?
When your making really good money why do they need to do this ?
Goldman Sachs Vice President Charged With Insider Trading
Posted from bloomberg.com
Corruption
Stock Trading
Law
Edited >1 y ago
Posted >1 y ago
Responses: 3
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My late father, a Federal Administrative Law Judge, would not like this at all. PO3 (Join to see)
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Illegally obtained money can never be "really good money". He got greedy. If a majority did it, the effects on the overall market could be devastating. It would be to Wall St as "backed by the full faith and credit of the US government" is to Main street (banking). He'll get a fine, while we have 3rd strike MJ possession folks in the big house costing us $60,000/yr. or more. He sold out cheap though. Folks like Maddow made off with billions through graft and deception.
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