Goldman Sachs Should Be Ashamed That VP Only Made $130K During Three-Year Insider Trading Scam

This is truly shameful. It's like he wasn't even really trying.
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Some truly bizarre news out of the white collar crime docket this afternoon...

Federal prosecutors on Thursday accused a Goldman Sachs investment banker in San Francisco of insider trading, alleging that Woojae Jung used confidential information to trade in a dozen stocks over three years.
Prosecutors said he earned illicit profits of just over $130,000.

Yeah, we couldn't believe it either.

Somehow, a guy that managed to make VP at Goldman Sachs only managed to pull down $130K in three years while trading on his own M&A deals. And not only that, according to his LinkedIn page, Jung also worked at McKinsey and has an MBA from Wharton.

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$130K?! For three years of cheating?!

We are embarrassed for everyone involved.

Goldman Sachs Banker Charged With Fraud in Insider Trading Case [NYT]

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