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Ex-Galleon Trader Zvi Goffer Seeks Reduced Prison Term

Zvi Goffer, a former Galleon Group LLC trader whose 10-year prison term is the third-longest sentence in a recent federal crackdown on illegal insider trading, asked an appeals court to reduce his sentence.

Goffer, 36, is one of dozens of traders, executives and lawyers convicted in a wide-ranging U.S. attack on illegal trading on Wall Street. He was convicted at a 2011 trial of trading on tips from junior lawyers at Ropes & Gray LLP and has spent the last 16 months at a prison camp in Lewisburg, Pennsylvania.