After ratting on his pals for insider trading, former Goldman analyst David Pajcin decided to hightail it out of town. (Most likely to his native Croatia, although we doubt he’s holed up with his underwear seamstress aunt.) But if authorities can find him, and you know the crack investigators at the SEC will, Pajcin will owe the government $28 million, according to a judgement handed down by U.S. District Judge Kimba Wood late yesterday.
Pajcin [left] must have thought someone was about to whack him because, had he stayed in the country, he could have paid $6.7 million and served no jail time. His ballroom dancing cohort Eugene Plotkin, however, is serving a 57 month prison term.
Back in 2006, the two ex-Goldman analysts were busted for trading stocks based on, among other things, prepublication copies of BusinessWeek magazine’s “Inside Wall Street” column and information leaked from a grand-jury probe involving Bristol-Myers Squibb. The scheme also employed a New Jersey mailman, an ex-Merrill Lynch analyst and a Wisconsin printing plant worker. Pajcin's Croatian aunt also helped him trade the stocks through her brokerage account.
If you come across Pajcin, call the SEC. Or just post something on a porn website and they'll probably find it.