Another Goldman Sachs Manager Under Investigation for Insider Trading
02 March 2012
Another manager from Goldman Sachs (Goldman) is now under investigation for insider trading. David Loeb has been connected to the ongoing investigation through Raja Gupta and Henry King, a technology analyst for Goldman, is also under investigation. Documents stemming from the case against Gupta indicate that there was another Goldman employee besides Gupta who gave inside information to a hedge fund client. The Wall Street Journal has reported that Loeb is this employee. Goldman and the FBI could not be reached for comment on the reports.
Wall Street Journal: Insider Probe Targets a Top Goldman Manager (29 February 2012)
(Source: Wall Street Journal)