Zvi Goffer, Brother, Pal Found Guilty On Insider Trading Charges

Author:
Bess Levin
Updated:
Jan 14, 2019
Original:
Jun 13, 2011

Former Galleon employee Zvi Goffer, his Emanuel Goffer and Michael Kimelman, their partner at Incremental Capital, were found guilty this morning on "fraud and conspiracy to commit insider trading" charges. They each face 25 years in prison, meaning it's going to be along time before another one of these:

Three Ex-Traders Guilty On Insider Charges [Reuters]

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Just in the nick of time.

Hedge Funds

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Jessica Mang, who traded material non-public information based on tips obtained by her Mizuho investment banker boyfriend, Thomas Ammann, because he promised to take her on vacation afterward and also because she thought his entrusting her with such a high level task was a sign he wanted to get serious, was cleared by a jury today, as was Christina Weckwerth, Thomas Ammann's other girlfriend/execution trader.

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