Former Goldman banker gets jail for insider trading

Pedro Gonçalves
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Former Goldman banker gets jail for insider trading

A former Goldman Sachs banker has been sentenced to three months in prison for  trading on inside information about company clients.Woojae 'Steve' Jung, 38, a South Korean citizen living in San Francisco who worked as a vice president at Goldman Sachs, pleaded guilty in December to helping his brother in South Korea trade by pointing him to stocks Jung had illicit tips on, according to a Bloomberg report. "Woojae Jung used material nonpublic information stolen from his investment bank empl...

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