Former Goldman Sachs Banker Sentenced to Three Years in Prison for Insider Trading

Brijesh Goel, a former Goldman Sachs investment banker, has been sentenced to three years in prison by a Manhattan federal court for passing tips about potential mergers that the bank was working on. Goel was convicted on four counts of securities fraud, conspiracy, and obstruction of justice. Prosecutors had sought a prison term of about 3-1/2 years. Goel's sentence also includes three years of supervised release, a $75,000 fine, an $85,000 forfeiture, and restitution to be determined later.