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Sunday, June 23, 2024 | Back issues
Courthouse News Service Courthouse News Service

Inside Trader Sentenced To 57 Months

MANHATTAN (CN) - Goldman Sachs' former research associate Eugene Plotkin was sentenced to 57 months in prison for running an inside-trading network that took more than $6.7 million in illegal gains, federal prosecutors said. Plotkin traded on information provided by Merrill Lynch analyst Stanislav Shpigelman; Nikolaus Shuster and Juan Renteria, print shop workers who stole advance copies of BusinessWeek magazine and sent him information from its "Inside Wall Street" column; and Jason Smith, a federal grand juror who leaded information about the investigation of Bristol-Myers Squibb, prosecutors said, adding that all of them have pleaded guilty to insider trading.

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