Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Friday, August 19, 2011

Attorney Gets Three Years for Role in Goffer Insider Trading Ring

A judge sentenced Jason Goldfarb, an attorney who acted as an intermediary in an insider trading scheme, to three years despite Goldfarb's emotional plea for leniency.  Goldfarb transmitted confidential information from two m&a attorneys to convicted hedge fund trader Zvi Goffer for cash.  The judge called Goldfarb an "energetic participant" and before sentencing played a wiretap of Goffer and Goldfarb discussing how much money they would make.  WSJ, Figure in Insider Case Pleads for Leniency, Gets 3 Years

http://lawprofessors.typepad.com/securities/2011/08/attorney-gets-three-years-for-role-in-goffer-insider-trading-ring.html

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