Former analyst sentenced to prison for insider trading, passing tips on eight mergers

From Investing.com: 2024-07-17 16:35:41

Former Goldman Sachs and Blackstone analyst, Anthony Viggiano, sentenced to 28 months in prison for insider trading. He passed tips on eight mergers, resulting in $400,000 of illegal profits. Viggiano received $35,000 in cash from a friend, and another passed tips to a U.S. Army captain. Prosecutors sought 30 months in prison. Viggiano’s lawyers sought one year, stating his desire to reenlist in the U.S. Marine Corps.

Viggiano’s lawyer, Steven Brill, expressed confidence in his client’s values leading him back to the right path. Anthony Viggiano admitted his actions were “catastrophically stupid” in a letter to the judge. Forlano and Salamone, also involved in the scheme, have been sentenced to prison, with the Army captain not facing criminal charges.



Read more at Investing.com: Former Goldman, Blackstone analyst gets 28-month prison sentence for insider trading By Reuters