Federal prosecutors charge former employee Goldman Sachs Group Inc. and blackstone Suspected of securities fraud, he allegedly tipped his friends on at least six trades.
this Ministry of Justice and Securities and Exchange Commission Anthony Viggiano, 26, told two friends, Stephen Forlano and Christopher Salamone, that Viggiano had learned from his employer, he said Thursday. transaction information.
“Viggiano betrayed the trust of his employer by tipping his friends,” Damian Williams, the U.S. attorney for the Southern District of New York, said in a statement. “No matter how evasive an insider trader’s actions may be, or go to great lengths to conceal their crimes, our office will pursue and prosecute those who attempt to cheat the system.”
The latest complaint is at least the fifth incident involving Goldman Sachs employees in recent years.Last year, a Goldman Sachs banker was charged with stock tips To a squash friend.Next is threesome Insider trading cases involving Goldman Sachs employees in the 18 months ended October 2019.
It was revealed that Viggiano worked in the asset and wealth management department of a large investment bank. indictmentThe company is Goldman Sachs, people familiar with the matter said. He previously resigned from his role at Blackstone after the group discovered he was trading without prior approval.
“We have made clear to every employee through our extensive compliance and training procedures that we have zero tolerance for the alleged conduct and we are working with the authorities,” Blackstone spokesman Matt Anderson said in a statement. Cooperate fully.” “This individual was a junior analyst in the non-investment finance department and was briefly employed for less than seven months before leaving two years ago.”
A Goldman Sachs spokesman had no immediate comment. The Justice Department said Salamon pleaded guilty on September 21 and was cooperating with prosecutors.
Neither the DOJ nor the SEC identified the companies for which Viggiano worked in the complaint, and an SEC spokesman declined to comment on the identities of those companies.
The SEC alleges that Viggiano sent tips about impending transactions involving companies including: American International Group Corporation, Harmony Bioscience Holdings, Inc.and CDK Global Corporation, according to a complaint filed by the U.S. Securities and Exchange Commission. Frano and Salamon allegedly made hundreds of thousands of dollars in profits by trading on inside information.
—With assistance from Jennifer Suran
Svlook
