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.
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