Goffer's Brother Exits SEC Insider Trading Suit

Law360, New York (June 11, 2013, 6:32 PM EDT) -- Jailed hedge fund trader Emanuel Goffer on Friday settled a U.S. Securities and Exchange Commission civil suit over his role in a tipping scheme orchestrated by his brother, former Galleon Group LLC trader Zvi Goffer, whose Wall Street connections earned him the nickname the "Octopussy."

Emanuel was convicted in June 2011 and sentenced to three years in prison in October 2011 for allegedly making more than $700,000 by trading on information about upcoming corporate transactions obtained by bribing attorneys from Ropes & Gray LLP. Zvi was...
To view the full article, register now.