Goldman VP, Poker Player and Lovers In Insider-Trading Plot
- Insider trading ring formed by movie-worthy cast of characters
- Traders, bankers allegedly made millions in illicit profits
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It’s like the cast of a new “Ocean’s 11” movie: a Greek with a chain of Manhattan restaurants, the son of a pharmaceuticals company board member, a poker-playing securities trader in Monaco, a Goldman Sachs Group Inc. vice president and a London investment banking couple who called each other “Pops” and “Popsy.”
They’re all accused of participating in a “wide-ranging international insider-trading ring.” U.S. prosecutors unveiled the charges in the past week, piggy-backing on similar actions taken in France and the U.K. in recent years. Taken together, it’s a dramatic assault on a network of bankers and traders operating on both sides of the Atlantic who allegedly reaped tens of millions of dollars in illicit profits.