The U.S. Securities and Exchange Commission has accused former Goldman Sachs analyst of making hundreds of thousands of dollars using bank secrets.
A SEC complaint filed Wednesday alleging that Jose Luis Casero Sanchez, 35, who worked for Goldman as a legal expert in Warsaw, Poland, earned more than $ 471,000 in the deal.
Instead, Sanchez had the opportunity to obtain “more complex information” regarding the merger and other services, the U.S. governor said in a statement Wednesday. Between September 2020 and May 2021 he allegedly “misused this trust” by making at least 45 transactions based on secrecy bank secrecy secrets, the SEC added.
A pet dealer at U.S. Petco Health and Wellness, based in the United States on the Norwegian Cruise Line and the British company GW Pharmaceuticals were among the companies linked to the banned trade conducted by Sanchez, according to court documents.
Joseph Sansone, the SEC’s chief marketing officer, said in a statement that the agency had “disclosed the violations by a jurist who used the secretions to protect them”. Sanchez allegedly reduced the size of his business and used four fraudulent accounts from the US under his parents’ names to prevent anonymity, the agency said.
Sanchez and his parents believe he lives in Spain, according to court documents.
The SEC did not mention Goldman’s name in the lawsuit, instead referring to “the famous bank from the United States”, but the New York company confirmed that Sanchez was an employee of Goldman.
“We condemn this behavior and strongly agree with the SEC,” Goldman said in a statement.
Sanchez, who began working as a senior researcher at Goldman in 2019, did not immediately respond to a request for comment on his LinkedIn account.
In their complaint, the SEC said Goldman had asked Sanchez at the end of May on other suspicious matters. He resigned from the bank the next day.
In 2020 supervisor has brought Thirty-three cases related to internal sales, a little out of 30 cases in 2019. The practice of selling on non-governmental business, the chances of it being reported are increasing dramatically, however.
An analysis published earlier this year by professors at the University of Technology Sydney and the Stockholm School of Economics in Riga states that there are four times more potential for domestic business than lawsuits.