After Confidential Fed Documents Used In Sales Presentation, Former Goldman Managing Director Fined, Banned From IndustryMark Melin
Goldman Sachs has settled a confidential leak investigation case with the Federal Reserve Bank of New York, agreeing to pay a $36.3 million fine. The New York Fed fined and permanently barred former Goldman Sachs Managing Director Joseph Jiampietro from the industry. Jiampietro was the supervisor of an employee who obtained Federal Reserve secrets and used them to the bank’s benefit in sales presentations to solicit new clients.
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