Former Goldman analyst gets 28-month prison sentence for insider trading
CNN
A former Goldman Sachs and Blackstone analyst was sentenced to 28 months in prison Wednesday for insider trading, after admitting that his conduct was “catastrophically stupid.”
A former Goldman Sachs and Blackstone analyst was sentenced to 28 months in prison Wednesday for insider trading, after admitting that his conduct was “catastrophically stupid.” Anthony Viggiano, 27, of Baldwin, New York, was sentenced by US District Judge Valerie Caproni in Manhattan, after pleading guilty in January to securities fraud. Viggiano was accused of passing tips on eight planned corporate mergers and partnerships between 2021 and 2023 to college friend Stephen Forlano and construction sales representative Christopher Salamone, a childhood neighbor. Prosecutors said the scheme resulted in more than $400,000 of illegal profits for Salamone and Forlano, both of whom have also pleaded guilty, with Viggiano receiving $35,000 from Salamone in a bag of cash. Forlano passed some tips to a US Army captain he was friends with, prosecutors added. The eight transactions included American International Group’s sale of part of a business to Blackstone and the purchase of satellite operator Maxar Technologies by private equity firm Advent International, a Goldman client.
Nippon Steel is expected to re-file its application for a national security review by American regulators of its $15 billion takeover bid of US Steel, sources familiar with the matter told CNN on Tuesday, buying Japan’s largest steelmaker an additional 90 days to close its acquisition of an American rival after political opposition emerged in an election year.
So far, the attacks that targeted Iran-backed Lebanese militant group Hezbollah members through their pagers have had devastating consequences. At least nine people, including an eight-year-old girl, were killed, and at least 2,800 were wounded. Over 150 of those injured are in critical condition, according to the Lebanese health minister.