Guy Hired To Catch Illegal Behavior At Goldman Sachs Forgot To Catch Himself - Dealbreaker

Guy Hired To Catch Illegal Behavior At Goldman Sachs Forgot To Catch Himself

John Han knows what we're talking about.
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Well, maybe not "forgot."

Han, a Chinese citizen also known as “John Han,” worked in a compliance division developing surveillance models to identify “potential risk behavior” including market manipulation and insider trading, according to the complaint filed Tuesday in Manhattan federal court. He had access to the e-mails of Goldman Sachs (NYSE: GS) employees who worked on confidential mergers and acquisition transactions, according to the the agency...After earning hundreds of thousands of dollars in illegal proceeds through the insider trading, Han moved the money into accounts at JPMorgan Chase and Co. (NYSE: JPM) and Wells Fargo (NYSE: WFC), according to the SEC. He left Goldman Sachs on Oct. 9 and left New York City for Shanghai on Oct. 22, the day after he closed out all of his KLA-Tencor positions in the account of his relative, the SEC said.

Ex-Goldman Compliance Worker Sued by SEC for Insider Trading [Bloomberg]

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