Viggiano allegedly fed confidential information to close friends which netted them hundreds of thousands of dollars in illicit gain, prosecutors say.
Ex-Goldman analyst hit with insider trading, allegedly tipped off friends to deals: fedsGoldman Sachs shakeup in prized division could signal bloodbath: sources
Federal prosecutors in Manhattan allege that Viggiano used his position as an analyst with his first employer, Blackstone, and Goldman Sachs to tip his friends off to upcoming mergers and acquisitions that would boost the stock price of the companies involved, according to court filings. After the FBI interviewed Viggiano and Salamone in June of last year, Salamone began recording conversations with Viggiano, who tried to assure his friend that authorities could not trace communications about the illicit stock tips, according to court papers.
The indictment filed last week by the Securities and Exchange Commission also names Nathan Bleckley, a 26-year-old US Army captain who also attended the University of Tampa alongside Forlano and Viggiano. According to court papers, Forlano passed similar tips that he received from Viggiano to five friends and family members, who collectively made $110,000.
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