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Former Goldman Sachs Employee Pleads GuiltyFiled at 12:20 p.m. ET NEW YORK (AP) A former Goldman Sachs employee pleaded guilty Tuesday to conspiracy to commit securities fraud and eight counts of insider trading, admitting he plotted to steal more than $6.7 million. Eugene Plotkin, 28, of Manhattan, entered the plea in U.S. District Court, where he had been charged in April 2006 in the wide-ranging insider trading scheme that included plots to corrupt a grand juror and to steal market moving tips from a business magazine prior to publication. Although the charges carry a potential maximum prison term of 165 years, Plotkin signed a plea agreement in which he promised not to appeal any sentence between four years and nine months, and five years and 11 months in prison. Words cant express how sorry I am for the harm I have caused to others, especially my family, Plotkin said in court. Sentencing was set for Nov. 30. Tag CloudExternal InformationAdditional InformationDow Drops 340 Points, Then Recovers Losses...New Glimpse at Players in Group Led by Cheney... On Paper, Wall Street Gets Its Way... Questions for Ira Glass: This American TV Show... Where Am I?News Main Page - Business - Former Goldman Sachs Employee Pleads Guilty |
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