Goldman Sachs Vice President Charged With Insider Trading
- Woojae ’Steve’ Jung got $140,000 from corrupt trades, U.S says
- Jung allegedly used an alias account to cover his tracks
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A Goldman Sachs Group Inc. vice president gambled his career on a series of trades using inside information about the bank’s clients, including one that netted him $362, prosecutors said.
Woojae “Steve" Jung used non-public information about deals involving a dozen customers, according to records unsealed Thursday in Manhattan federal court. In total, Jung is accused of making $140,000 in illegal profits by trading through an alias brokerage account tied to a friend in South Korea.