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Ex-Goldman Compliance Worker Sued By SEC For Insider Trading
We already know that when it comes to obtaining "asymmetric info", no bar is too low for Goldman, the company, which stooped so low as to use current and former NY Fed employees who leaked regulator data, a transgression which would normally lead to years behind bars for most mortals but for Goldman merely resulted in another slap-on-the-wrist fine. Now we also find that the same is true for Goldman's employees.
Bloomberg reports that a former Goldman Sachs Group Inc. employee "hired to help it monitor computer systems for illicit activity" used the company’s own inside information to invest in mergers and acquisitions involving the bank’s clients, the Securities and Exchange Commission said.
In a lawsuit filed this week in Manhattan federal court, the SEC accused Yue Han of exploiting his access to Goldman Sachs’s information systems to make $468,000 by trading through his personal account and that of a relative.
Not surprisingly, said former employee decided his best odds of liquidating his illicit proceeds are on home soils and quickly left the US to go back to China. Regulators are now asking a federal judge to freeze all assets still in the U.S.
We expect Yue's 500+ LinedIn connections to promptly dwindle to zero in the coming days.
Spokesmen for New York-based Goldman Sachs didn’t immediately respond to a request for comment after regular business hours. It was unclear if they could also blame this latest glaring oversight in internal controls on perpetual fall guy Fabrice Tourre.
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In my best Cheif Wiggum voice, "Nice work, boys!"
Judas, what farce.
He left the tribe and likely was stupid enough to open his mouth to someone. Now they will destroy his life, and if he doesn't comply, they will likely have him "accidented".
Definitely 'Corner Office' material for Goldman Sachs. When he converts to Satanism, he will be a shoe-in for a managing directors position.
His motherland is China, he's not qualified to do God's work at GS.
HBO "White Collared"
The film crew and anchor rush to Sing Sing in order to begin the fiming for this week's installment of White Collared; episode 13 "Han(d Jobbed)"
Fleece Johnson: Welcome, John.
John H: *tacit silence*
FJ: Do you know why your here?
John H: *continued silence; moisture in eyes*
FJ: Yeah, you know. You done fucked up, out there (points past the bars in the window)
John H: ...but, it wasn't really about the money; I realize that I needed more hugs from
my parents. But, it's too late...*tears start rolling down his cheeks*
Fleece: *Places arm around John's small-set shoulders* You're shaking? There ain't no
need to be scared, now. This is only a lesson in M&A fueled by substantial lev-
erage---I'm talking a record LBO on ya azz.
~Fade to Black~
Sounds like this guy learned well during his tenure @ the Golden Sack. It was a small score, but good for a Balsack untermensch.
There truly is no honor among thieves. What is the world coming to?
He shoulda changed his surname to Hanstein.
Incorrect, the Chinese have the other side of the N- haplogroups, they are considered a part of the tribe. Israel let's Buddhist Jew immigrate. They don't let Christians immigrate. Semitics are Asiatic peoples, all part of the N- haplogroup sphere, which is composed of all four major branches of humanity. This whole conflict is over genetics and evolution, it always has been. The R1 and later groups are the most recent in the evolutionary chain. The Jews tell us that it's racist to state this. They know that it's true though, because they were a part of the civilization that figured out what evolution was in the first place. Even the Babylonians understood breeding and genetic family lines, even if they didn't have any evidence of it. About 2000 years ago they switched from being patriarchal to being matriarchal. The N- group that traveled into Europe with the R1 group the south way were likely all women. R1 ancestors were horny fuckers. The theory is that they fucked everything and anything they could at first. That is where the Semites come from. The R1 group left Indo-Asia and continued to change along the way giving birth to several new branches of the human family.
That is literally what this whole argument is over, they don't like being reminded about how it actually happened. They think they are the chosen ones because they are made up of all 4 major branches that met in the fertile valley region for centuries before the divide, possibly the flood?. The targeting of the Germanics is because they are the most recent branch of humanity to split off into a sub-species. Before the Germanics they had to deal with the Celts, and they couldn't beat the Celts. It took the Romans using Germans to fight off the Celts. That is when they first started to use us against ourselves. They have been doing it ever since, primarily through religion.
War is just an expression of evolutionary bias. One group will try to dominate a newer group until it gets overcome. The Germans have been the beating bag of everyone for nearly 2000 years, because they are the new kids on the block. A mix between the R1 groups that took the north route to become Scandinavians and Russians, and the R1 haplogroups that went the south route and became Celts, Latins, and Tuscans.
It's a conflict of a species dividing. Throughout history we see this evolutionary process occurring and it's usually a struggle to extinction for one of those sub-species. This stuff is scientifically proven. It's how nature intended it to be. They have manipulated us into pissing off the whole world to make it possible that we will be targeted by everyone. The Germans learned about eugenics in "grade school", and about breeding as well...
Phuc Dat Bich
Wait, he's just being sued? If he actually commited insider trading, why isn't he going to jail like Martha Stewart?
Oh, it's because he worked for Goldman Sachs as a compliance officer and potentially has dirt on them? Ah ok....
Martha gave main street example of them pretending to do their work.
Things are so twisted when a someone does get caught you wonder who they forgot to bribe.
better than being a pleb like martha but still nowhere as sweet a deal as being a female dem potus candidate...
I'm really glad to see that they are finally going after the big fish.
More likely he discovered what he was supposed to discover and reported it to the wrong person.
Myabe found out there are accounts in GS that linked to somewhere that spells like "Syria", and end of story.
for less than $0.5M? Our money well spent on SEC.
I'm so glad we're going after the "big fish".
I knew all along it was SOME ASIAN GUY!
Umm, Sum Dum Fuk?
I'm pretty sure this is Phuc Dat Bich's cousin.
Stupid IT guy.
IF your not on the finance department your are not allowed to steal.
Don't they still cover this information in employee orientation?
Is the issue that he was guilty of insider trading - or that he used Goldman Sachs' insider information for personal use ?
Guess he scaled the 'chinese wall' :-)
They get mighty upset when they see bets by someone 'not in the club'.
Probably a H1B Visa guy, who overstayed his Visa....Where's John Corzine???
Of course .... no one in government .... uses this inside information .... they are the drag queens of "Insider Trading" ?
Way to go SEC! You guys are awesome catching those criminals in underwear.
"used the company’s own inside information"
You mean GS has inside information!??
Imagine that. And I thought GS were the good guys.
But he probably learned how to steal during orientation
He should change his name to Jan Han .... not so gooky ?
An outsider doing insider trading. Can't have that now, can we?
Bullish Phuc Dat Bich
Insider information shouldn't be illegal .... it's a perk for those who work .... and it can be disseminated, traded on, sold or given away .... assume those in the know have it and use it .... plan accordingly .... subscribe to an "Insider Investor Service" .... I'm sure they de facto exist anyway .... and always have .... as a remote investor you shouldn't expect to have the best information .... impossible to police anyway .... it just makes the insider club more exclusive for the 1%'ers .... government restricting competition and free trade and commerce .... the business world is and should be .... like naked bitch mud wrestling .... no holds barred .... go to stockholder meetings and get informed .... duh ?
Lets face it, if it up to the rest of us to check the bankers, that aint gonna happen. Most people on this planet are retards so its just a few of them and a few of us. The only way the banks will collapse is if they are consumed by little shits more devious and evil than their bosses. Hence this is a wonderful human interest story only lessened in impact by absence of the angle where this little shits job was to suck off his senior management and while he was on his knees he was reaching round to go through their pockets.
Lets face it, if it up to the rest of us to check the bankers, that aint gonna happen. Most people on this planet are retards so its just a few of them and a few of us. The only way the banks will collapse is if they are consumed by little shits more devious and evil than their bosses. Hence this is a wonderful human interest story only lessened in impact by absence of the angle where this little shits job was to suck off his senior management and while he was on his knees he was reaching round to go through their pockets.
Silly prole. Didn't he know that the SEC really does come down like a ton of bricks on people who don't know politicians?
I doubt those 500+ LinkedIn connections include a senator.
So they let the Fox guard the Hen House. Nothing new here.
They're all criminals.
meh. waiting for the "sec sues sec for insider trading" headline.
$500k a drop in the bucket compared to what GS swindles in a minute around the globe...
looks real ugly inside the squid.
Using a patsy to get the truth out....this is their/Goldmans' business model.
.....but "insider trading" is 100% legal for congresspersons and senators. Got it.
Another shining example of the type of "high-quality" foreigners no American could conceivably substitute for that we've been importing by the fucking hundreds of thousands the last 10 years.
SMFH.
Hey Guys look... I got a Job Guarding the Hen House... who's Hungry
Everytime I read this kind of article, I'd bet my life savings the person facing charges is 99% to NOT be Jewish. The Goyim appears to faces their day in court, while the chosenites some how evade the long arm of the law.
Yea right. Blame it on the F'n intern. WTFO?
see, jews keep wall street honest, protecting everyone from those dishonest, indians, chinese and russians who are the scourge of wall street.
another nickel bag street dealer busted while the guy with the tons cruises. same as it ever was.
http://www.nydailynews.com/news/national/colorado-ceo-commits-suicide-na...
"7 or 8 times"
https://www.youtube.com/watch?v=r9twTtXkQNA
where's the money lebowski?