Legal
Ex-Goldman Banker Tipped Squash Buddy on Deals, US Alleges
- US claims banker texted accomplice using game talk as cover
- Goldman condemns insider trading and says it is cooperating
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A former Goldman Sachs Group Inc. banker was accused of passing stock tips to a squash buddy, as federal prosecutors unveiled insider-trading charges against nine people, including a onetime member of Congress and an FBI trainee.
The indictment of Brijesh Goel, 37, who worked at the bank from 2013 until about 2021, was one of four unrelated cases announced Monday in New York. A former vice president at Goldman, Goel passed along information he received about potential mergers to his friend and then split the trading profits, according to prosecutors.