Reported 3 months ago
Anthony Viggiano, a former Goldman Sachs and Blackstone analyst, was sentenced to 28 months in prison by U.S. District Judge Valerie Caproni in Manhattan for insider trading. Viggiano admitted his actions were 'catastrophically stupid' after pleading guilty to passing tips on eight planned corporate mergers and partnerships between 2021 and 2023. The scheme led to over $400,000 of illegal profits for others involved. Viggiano received $35,000 in a bag of cash and hopes to reenlist in the U.S. Marine Corps. His lawyers argued for a lighter sentence, contrasting his actions with 'staggering greed.'
Source: YAHOO