Galleon Sentences Now Getting Serious

By

Betracksuited Galleon trader Zvi Goffer got some bad news today:

Zvi Goffer, the ex-Galleon Group LLC trader, was sentenced to 10 years in prison for his role in a scheme to trade on inside information provided by lawyers. …

“I view this as a tragic day,” said U.S. District Judge Richard Sullivan, who handed down the sentence in a hearing today in Manhattan federal court. “Anything less than that would send the wrong message.”

Zvi, presumably, also viewed it as not one of his best days. It’s also of interest to upcoming main event Raj Rajaratnam, scheduled to be sentenced next week and whose sentence is presumably floored by Goffer’s. Raj, however, can take some solace from rumors that Judge Sullivan is particularly harsh on white collar offenders; he might do relatively better.

Here’s an update of our chart with Goffer added and with Judge Sullivan’s sentences broken out, suggesting that they are in fact above average:

Ex-Galleon Trader Zvi Goffer Sentenced to 10 Years in Prison [Bloomberg]

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Comments (16)

  1. 1
    Posted by Michael Vick | September 21, 2011 at 5:12 PM

    Shit. I am in the wrong game.

  2. 2
    Posted by AIG Quant via LEH | September 21, 2011 at 5:12 PM

    Awesome.

  3. 3
    Posted by AIG Quant via LEH | September 21, 2011 at 5:13 PM

    Matt, love the chart. I know it brought a smile to your face when you posted it!

  4. 4
    Posted by Guest | September 21, 2011 at 5:34 PM

    replying to yourself is the NKI.

    - Sybil

  5. 5
    Posted by spanishmoon | September 21, 2011 at 5:38 PM

    This is the kind of quality analysis I knew Matt was capable of all along!

    Let's call it the "Levine Efficient Sentencing Frontier"

  6. 6
    Posted by Floyd | September 21, 2011 at 5:39 PM

    Lol

  7. 7
    Posted by NYRebel2003 | September 21, 2011 at 5:56 PM

    Matt – Great post, great chart. You may be learning.

    Posters – Let's lean on Matt some more guys, ripping on his "Gone With the Wind" length posts seem to be righting the ship.

  8. 8
    Posted by TightyWhity | September 21, 2011 at 6:10 PM

    Hey Matt you forgot to say "Poor Zvi Goffer", since Raj is a scapegoat then so this guy…right?

  9. 9
    Posted by AD/HD | September 21, 2011 at 6:10 PM

    Too short, didn't read.

  10. 10
    Posted by geoffgeoffgeoff | September 21, 2011 at 6:22 PM

    I've sentenced boys younger than you to the gas chamber. I didn't want to do it – I felt I…owed it to them.

    -Dick Sullivan

  11. 11
    Posted by Guest | September 21, 2011 at 7:43 PM

    How does the ringmaster not get at least double an evil sidekick?

  12. 12
    Posted by P the cable guy | September 22, 2011 at 5:29 AM

    The boys upstairs don't like when you steal from them, they like to steal from you and if you ain't part of the club ain't no stealing allowed. Capeesh?

  13. 13
    Posted by Judge Smails fan | September 22, 2011 at 7:57 AM

    You'll get nothing and like it! Judge Smails quotes should be properly attributed. – Guy who likes Caddyshack way too much

  14. 14
    Posted by Rahodeb | September 22, 2011 at 8:49 AM

    Challenge. Not possible.

  15. 15
    Posted by Judge Smails | September 22, 2011 at 9:10 AM

    "It's easy to grin
    when your ship comes in
    and you've got the stock market beat.
    But the man worthwhile
    is the man who can smile
    when his shorts are too tight in the seat". [laughs] Okay, pookie. Do the honors"

  16. 16
    Posted by Ty Webb | September 22, 2011 at 11:35 AM

    You're an incredible slouch.

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