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Big Wall Street Pay Is Risked for Tiny Gains in Insider Cases

July 29, 2022, 6:03 PM

Sometimes crime really doesn’t pay.

Brijesh Goel had made it from investment banker to a principal at Apollo Global Management when he was arrested for allegedly passing deal tips during his time at Goldman Sachs Group Inc. For now, prosecutors claim he made $85,000 from the scheme.

It’s a staggeringly low number for a banker with Goel’s potential: A vice president at Goldman can make $750,000 a year, while a principal at Apollo can make upwards of $1 million with the promise of much more to come.

Between regulators’ increased surveillance tools and the generally sloppy technique by people who ...