Advance Copies of BusinessWeek Aided Insider Trading

A former Goldman Sachs analyst pleaded guilty to insider trading charges yesterday. Twenty-eight- year-old Eugene Plotkin, with fellow Harvard graduate Stanislav Shpigelman who worked at Merrill Lynch and fellow Goldman analyst David Pajcin, have all pleaded guilty to an elaborate scheme that netted them almost $7 million.

The trio had been charged back in 2006. Plotkin and Pajcin would get tips from Shpigelman about Merrill's big deals. Pajcin gave tips to his seamstress aunt in Croatia, who made $2 million - a red flag to investigators. The pair also orchestrated a scheme where they recruited Businessweek production plant employees to send them the names of stocks "favorably mentioned" in a column prior to publication - and Plotkin and Pajcin traded those stocks.

Plotkin, a onetime competitive ballroom dancer, said, "Words can't express how sorry I am for the harm I have caused to others, especially my family. I understand what I did was wrong and against the law."

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By Jen Chung in News on August 29, 2007 12:20 PM

Comments [rss]

guest

Yes, I think they each deserve a bullet in the back of the head via AK-47, while two other guards are holding you down...

guest

Eastern Europeans are SLEAZY, I've always thought so.

guest

Scheming Russians... love Brighton Beach, the fat ladies with their day-glo dye jobs and default scowls, the pelmeni, but some things should stay back home. These guys would surely be ridiculously rich oligarchs back there, as long as they stayed on the right side of Putin.

JMH

Plotkin, a onetime competitive ballroom dancer, said, "Words can't express how sorry I am for the harm I have caused to others, especially my family. I understand what I did was wrong and against the law."
That just continues to prove my theory: Never trust fuckin' ballroom dancers.

guest

stan shpigelman did not go to harvard...he was my fraternity brother in SUNY BINGHAMTON!..go bearcats!

guest

he should get a publicist...then he could out himself as an alcoholic, have soem drugs planted in his car, enter rehab, and then hit the media circuit