Feds Net Another Arrest In Insider-Trading Scheme

Law360, New York (May 11, 2006, 12:00 AM EDT) -- Broadening a nine-month long investigation into an insider-trading scandal involving employees of investment banks Merrill Lynch & Co. Inc. and Goldman Sachs Group Inc., federal prosecutors have nabbed a postal worker for tipping two former investment bankers about a grand jury’s accounting fraud probe of Bristol-Meyers Squibb Co.

Michael Garcia and Mark Mershon of the U.S. Attorney's office in Manhattan said this week that Jason Smith of Jersey City, N.J., has been arrested for allegedly leaking confidential information to former Goldman Sachs analyst Eugene Plotkin and...
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