Brijesh Goel, 38, of Manhattan, was convicted in Manhattan federal court of securities fraud, conspiracy and obstruction of justice by a jury that deliberated less than a day before concluding he had shared secrets about likely merger-and-acquisition transactions that Goldman Sachs was considering financing.
Goel and the friend agreed to split profits from their illegal trading, which amounted to about $280,000, prosecutors said. Prosecutors said Goel obstructed justice by deleting electronic communications regarding the insider trading scheme as a grand jury and the U.S. Securities and Exchange Commission investigated.
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