Overview

• Brijesh Goel, an ex-Goldman Sachs investment banker, was found guilty of securities fraud, conspiracy, and obstruction of justice.
• Goel shared confidential information about potential corporate mergers and acquisitions with his friend Akshay Niranjan so Niranjan could trade stocks based on the insider tips.
• The illegal trading netted Niranjan and Goel $280,000 in profits which they agreed to split.
• Niranjan cooperated with prosecutors and testified against Goel as part of a non-prosecution agreement.
• Goel faces up to 20 years in prison when he is sentenced in October.