A 28-year old Harvard grad and former Goldman Sachs (NYSE: GS) associate Eugene Plotkin has been sentenced to 4 years and 9 months in prison as part of a plea agreement related to his involvement in an insider trading ring.
According to the New York Times, the scheme consisted of "Mr. Plotkin, a fixed-income associate at Goldman, and a former co-worker, David Pajcin. Their plans involved a former Merrill Lynch analyst, a New Jersey postal worker who served on a grand jury, two workers at a magazine printing press and an exotic dancer."
Why the exotic dancer you ask? I think it was smart planning on Mr. Plotkin's part. It should add a few thousand to the advance he will receive for his tell-all book when he gets out of Club Fed. And, if she had a sexy accent, it could even land him a movie deal! He even has a background in film-making.
Point is: If you're going to be a crook, always be planning your post-prison career. Congratulations to Mr. Plotkin in that regard. The crimes involved trading in advance of the announcement of mergers and hiring associates to work at a BusinessWeek printing press, gaining access to stories before they hit newstands.
Wal-Mart grows profit and cash flow in Q3, but comps still ailing
Chasing Value: Ten stocks for 2010 -- Part 2
Advanced Micro Devices rallies after settling Intel tiff
