'Burn­er' phones and Ari­ad se­crets: Gold­man Sachs banker pleads guilty for his role in glob­al in­sid­er trad­ing ring

A for­mer Gold­man Sachs banker has plead­ed guilty to con­spir­ing to com­mit se­cu­ri­ties fraud as an­oth­er mem­ber of the glob­al biotech in­sid­er trad­er ring stands tri­al in Man­hat­tan.

Bryan Co­hen ad­mit­ted to steal­ing ma­te­r­i­al, non-pub­lic in­for­ma­tion from the in­vest­ment bank about cor­po­rate ac­qui­si­tions, some of them re­lat­ed to com­pa­nies list­ed on US ex­changes. But un­like Tele­maque Lavi­das, who al­leged­ly fed in­for­ma­tion about Ari­ad to New York busi­ness­man George Nikas, Co­hen turned his in­tel over to “a se­cu­ri­ties trad­er based in Switzer­land,” pro­vid­ing up­dates about how the deals were pro­gress­ing over time.

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