Galleon's Goffer Gets 10 Years For Insider Trading

Law360, New York (September 21, 2011, 4:57 PM EDT) -- A New York federal judge on Wednesday sentenced former Galleon Group LLC trader Zvi Goffer to 10 years in prison for allegedly trading on stock tips on upcoming mergers, one of the longest sentences ever imposed for insider trading.

Despite a tearful plea for leniency from Goffer, a 34-year-old who had been a rising Wall Street figure before his involvement in the scheme, U.S. District Judge Richard J. Sullivan said the sentence was necessary as a deterrent.

“Insider trading is very hard to detect. Because of...
To view the full article, register now.



Case Information

Case Title

Magistrate judge case number: 

Case Number



New York Southern

Nature of Suit

Date Filed

January 21, 2010

Law Firms

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.