It's been ages since we've heard anything about any of the guys from the insider trader ring that included former Harvard
educated ballroom dancer extraordinaire and wannabe
novelist/screenwriter Eugene Plotkin, who was one of the masterminds of the well
publicized global insider trading ring uncovered in 2006 featuring strippers,
a Croatian seamstress, a
U.S. Postal worker, BusinessWeek employees and a
Russian bath house. Plotkin was sentenced in January of this year to serve 4 years and nine months in prison, along with a $10K fine and forfeiture of $6.7 million in ill gotten gains.
Now, it seems, his partner in crime, David Pajcin, a former Goldman analyst has gone missing and is in violation of his probation agreement; it's suspected that he may have left the country. Maybe. Pajcin had pleaded guilty, cooperated with prosecutors, and was also sentenced in January to around 2 years in prison – time he'd already served. So if he's fled, it's unclear why, since he wasn't facing more jail time. Bizarre. There's gotta be more to this story. According to Bloomberg:
Tags: Eugene Plotkin, Goldman Sachs, Harvard, Insider Trading, Legal
Merrill Lynch analyst Stanislav Shpigelman got 37 months in prison for leaking deal information to the insider trading ring masterminded by former Goldman Sachs analysts Eugene Plotkin and David Pajcin — at the lower end of the 37 to 46 months federal sentencing guidelines. According to Bloomberg, he’s the first banker to draw jail time in a big insider trading case. He’s the second person sentenced — postal employee Jason Smith was sentenced last month to 33 months in jail for leaking confidential grand jury information to Plotkin and Pajcin.
Crossing Wall Street
