Welcome

Ex-Goldman Sachs Banker Cohen Pleads Guilty in Insider Case (3)

Jan. 7, 2020, 8:18 PM

A Goldman Sachs Group Inc. investment banker ensnared in a global insider-trading ring pleaded guilty in New York to conspiracy, admitting he stole confidential information from the bank and passed it to a trader in Switzerland.

Bryan Cohen’s guilty plea on Tuesday came as another alleged participant in the ring, Telemaque Lavidas, stands trial in the same Manhattan courthouse. Cohen, 33, was arrested in October and accused of passing tips about pending mergers using burner phones and speaking in code. He was scheduled to go on trial on Feb. 4.

Cohen admitted during a hearing Tuesday that he’d agreed ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.