Federal Prosecutors in Los Angeles Examining Goldman Banker
Source: New York Times
Federal prosecutors in California are investigating whether Matthew E. Korenberg, an investment banker at Goldman Sachs, leaked confidential information about health care deals to the Galleon Group, the defunct hedge fund run by now-convicted hedge fund manager Raj Rajaratnam.
A criminal investigation of an unnamed Goldman executive emerged last week during a pretrial hearing in the case of Rajat K. Gupta, a former Goldman director accused of telling Mr. Rajaratnam about the bank’s secret boardroom discussions.
The United States attorney’s office in Los Angeles has been investigating whether Mr. Korenberg, a Goldman investment banker based in San Francisco, tipped off Galleon about health care mergers, according to a person with direct knowledge of the matter who requested anonymity because he was unauthorized to discuss it publicly.
Michael Duvally, a Goldman spokesman, declined to comment. Thom Mrozek, a spokesman for the United States attorney in the Central District of California in Los Angeles also declined to comment.
Read more: http://dealbook.nytimes.com/2012/04/26/federal-prosecutors-in-los-angeles-examining-goldman-banker/
