New York Hedge Fund Trader Gets 3 Years in Prison

A hedge fund trader who paid hefty bribes to coax confidential information out of shady lawyers was sentenced Friday to three years in prison by a judge who showed him some leniency after citing the role his brother played in encouraging him to join what prosecutors call the biggest hedge fund insider trading case.

A hedge fund trader who paid hefty bribes to coax confidential information out of shady lawyers was sentenced Friday to three years in prison by a judge who showed him some leniency after citing the role his brother played in encouraging him to join what prosecutors call the biggest hedge fund insider trading case.

Emanuel Goffer, 32, chose not to address the court before he was sentenced by U.S. District Judge Richard Sullivan, who also ordered him to forfeit the $761,000 he was accused of making in profits from the financial secrets.

His sentencing in a case that resulted in more than two dozen convictions came less than a week before the scheduled sentencing of Raj Rajaratnam, a one-time billionaire hedge fund founder who prosecutors say made more than $72 million in illegal profits through tips he received.

Goffer's brother, Zvi, had worked for a while at Rajaratnam's Galleon Group funds before starting his own company. Last month, Sullivan sentenced Zvi Goffer to 10 years in prison for leading a scheme in which two lawyers at a Manhattan law firm were paid $30,000 each to report information about mergers and acquisitions of public companies before they were announced publically.

Goffer was convicted at trial in June along with his brother and a third man, Michael Kimelman, who awaits sentencing. Prosecutors said Emanuel Goffer helped pay bribes to two lawyers who provided insider information, communicated tips to his brother by using an untraceable prepaid cell phone and made legitimate securities trades meant to disguise the illegal trades that were going on.

"You are clearly not your brother. Your brother was the most involved," Sullivan told Emanuel Goffer just before announcing his sentence. "But you knew better."

The judge said he was taking the possible deterrent effect that he could have on insider trading into account when he chooses the length of the prison term for each defendant.

"Insider trading cases are generating a lot of attention and there is an opportunity to send a message through the sentencings," he said.

Sullivan said the insider trading that the Goffers engaged in was different from the type that occurs when someone hears a secret about a public company over a dinner table.

"This was a deliberate scheme to procure inside information, privileged information from a law firm by bribing lawyers, corrupting them to breach their duty to their firm, to their clients," he said.

Sullivan described Emanuel Goffer as one of the winners in life, saying he had supportive parents and a good upbringing, but still chose crime: "Your fall is hard to explain because there was no justification for it except for a desire for more, which boiled down to greed."

In Other News

fake money

Keywords clouds text link http://alonhatro.com

Dịch vụ seo, Dịch vụ seo nhanh , Thiết kế website ,  máy sấy   thịt bò mỹ  thành lập doanh nghiệp
Visunhomegương trang trí  nội thất  cửa kính cường lực  Vinhomes Grand Park  lắp camera Song Phát thiết kế nhà thegioinhaxuong.net/

Our PBN System:  thiết kế nhà xưởng thiết kế nội thất thiết kế nhà tem chống giả

aviatorsgame.com ban nhạcconfirmationbiased.com 
radiantcitymovie.comeatatdistrict.com
chaletedelweiss.useve-razor.com
occastudios.commoscasenlasopa.net
skaratoken.comshowdx.com
thelettersmovie.comheritage-gifts.com
singstreetmovie.comdeadaccountsonbroadway.com
moscasenlasopa.netratchasima.net
eatatdistrict.comthe-movie-trailer.com 
theboroughraleigh.comradio-electronics.co
mariankihogo.com  ốp lưngGiường ngủ triệu gia  Ku bet ku casino

https://maysayhaitan.com/  https://dovevn.com/ buy fake money https://sgnexpress.vn/ máy sấy buồn sấy lạnh

mặt nạ  mặt nạ ngủ  Mặt nạ môi mặt nạ bùn mặt nạ kem mặt nạ bột mặt nạ tẩy tế bào chết  mặt nạ đất sét mặt nạ giấy mặt nạ dưỡng mặt nạ đắp mặt  mặt nạ trị mụn
mặt nạ tế bào gốc mặt nạ trị nám tem chống giả

https://galaxymedia.vn/  công ty tổ chức sự kiện tổ chức sự kiện
Ku bet ku casino
Sâm tươi hàn quốc trần thạch cao trần thạch cao đẹp

suất ăn công nghiệpcung cấp suất ăn công nghiệp

https://docs-cashshop.com/
https://galaxymedia.vn/dich-vu-to-chuc-su-kien-la-gi-quy-trinh-to-chuc-su-kien-nhu-the-nao-id3108.html

© 2020 US News. All Rights Reserved.