Former Goldman Sachs Associate Pleads Guilty to Insider Trading

This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.

The New York Sun

A former Goldman Sachs Group Inc. associate pleaded guilty to making more than $6.7 million by engaging in an insider trading scheme, reversing his initial claim of innocence. Eugene Plotkin, 28, who worked in the bank’s fixed-income research division, pleaded to one count of conspiracy and eight of insider trading in a scheme that involved secret information about pending Merrill Lynch & Co deals, magazine stock tips, and an exotic dancer. The crimes carry a maximum penalty of 165 years in prison, Assistant U.S. Attorney Helen Cantwell said in court. Under the terms of a plea agreement with the government, Plotkin would face five years and 11 months when he’s sentenced November 30, she said. Plotkin also agreed to forfeit the money that he earned.


The New York Sun

© 2025 The New York Sun Company, LLC. All rights reserved.

Use of this site constitutes acceptance of our Terms of Use and Privacy Policy. The material on this site is protected by copyright law and may not be reproduced, distributed, transmitted, cached or otherwise used.

The New York Sun

Sign in or  Create a free account

or
By continuing you agree to our Privacy Policy and Terms of Use