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Ex-N.Y. Fed Employee Avoids Prison for Leaking Documents

  • Staffer handed over confidential files to Goldman Sachs banker
  • Prosecutors sought sentence of at least six months in prison
Updated on

A former staff member at the Federal Reserve Bank of New York was sentenced to a year of probation for leaking confidential information to his ex-boss, who was then a junior banker at Goldman Sachs Group Inc., according to the U.S.

Jason Gross admitted last year that he passed documents, including information from the regulator overseeing a midsize New York bank that his former boss Rohit Bansal’s group at Goldman Sachs was advising. Bansal worked for the government for seven years before leaving in 2014 to join Goldman Sachs.