Former vice president of Goldman Sachs Cohen pleads guilty to insider trading charges lawyer: avoid trial

category:Finance
 Former vice president of Goldman Sachs Cohen pleads guilty to insider trading charges lawyer: avoid trial


According to the report, Cohens plea agreement does not force him to cooperate with the investigation of federal prosecutors.

The federal prosecutor said Cohen was one of several people charged with insider trading involving investment banks. Authorities say the insider trading brought tens of millions of dollars in illegal gains. Prosecutors and investigators list collusive practices in series in indictments and related court documents, in which traders around the world profit by obtaining insider information about major corporate transactions involving listed companies from intermediaries, insiders and bankers. It is understood that Cohen was arrested in New York before being released on bail. Notably, Cohens indictment did not name the trader in Switzerland. However, according to people familiar with the investigation and court documents, the trader is Marc demandebih. He was arrested in Serbia in 2018 and extradited to the United States in 2019. According to court documents and trial procedures, he has admitted 38 charges and is cooperating with the prosecutor in his investigation. A Goldman spokesman did not comment, but confirmed that Cohen was no longer an employee of the bank. Source: editor in charge of observer network: Zhong Qiming

The federal prosecutor said Cohen was one of several people charged with insider trading involving investment banks. Authorities say the insider trading brought tens of millions of dollars in illegal gains. Prosecutors and investigators list collusive practices in series in indictments and related court documents, in which traders around the world profit by obtaining insider information about major corporate transactions involving listed companies from intermediaries, insiders and bankers.

It is understood that Cohen was arrested in New York before being released on bail.

Notably, Cohens indictment did not name the trader in Switzerland. However, according to people familiar with the investigation and court documents, the trader is Marc demandebih. He was arrested in Serbia in 2018 and extradited to the United States in 2019. According to court documents and trial procedures, he has admitted 38 charges and is cooperating with the prosecutor in his investigation.

A Goldman spokesman did not comment, but confirmed that Cohen was no longer an employee of the bank.