Drunk squash game leads to insider trading revelation.

1 min read
Source: Markets Insider
Drunk squash game leads to insider trading revelation.
Photo: Markets Insider
TL;DR

Former Barclays trader Akshay Niranjan testified in a Manhattan court that ex-Goldman Sachs trader Brijesh Goel gave him insider information about Lumos Pharma during a game of squash, which led to a $2,000 profit. Niranjan claims that this was just one of eight companies that Goel shared insider information on, resulting in a total profit of $280,000 in 2017. Goel denies the allegations and says he's been set up by Niranjan.

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