Goldman Sachs Banker Probed for Alleged Leaks to Galleon

Is anyone surprised?  Goldman Sucks… er, Goldman Sachs is unprofessional, unethical and has no shame whatsoever.  Oh, and their profits are down 23% so they are on track to pay themselves record bonuses again ;  )

“Investigations are deepening into the potential involvement of Goldman Sachs Group Inc. employees in the high-profile Galleon Group insider-trading ring.

U.S. prosecutors and securities regulators are investigating whether a senior Goldman investment banker gave Galleon hedge-fund traders advance word of pending health-care deals, according to people familiar with the matter. The banker, whom the people identified as Matthew Korenberg, is a San Francisco-based managing director for Goldman, a senior post.

Among the merger deals being scrutinized by Los Angeles federal prosecutors and the Securities and Exchange Commission is the 2009 acquisition by Abbott Laboratories of Advanced Medical Optics, a Santa… ” – WSJ

READ FULL ARTICLE HERE

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