Former Goldman Sachs Economist Admits Guilt
- Share via
From Associated Press
A former Goldman Sachs & Co. economist pleaded guilty to fielding an insider bond tip that gave the firm an eight-minute edge on the market and nearly $4 million in tainted profit.
John Youngdahl, 44, of Summit, N.J., will spend about three years in prison if a federal judge accepts terms of a plea deal reached with the government.
He would also pay $240,000 to settle related charges by the Securities and Exchange Commission if the judge approves the settlement.
From Associated Press
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
