Ex-Goldman Sachs worker pleads guilty in New York theft case

Staff Writer
Columbus CEO

NEW YORK (AP) — A former Goldman Sachs employee has admitted he obtained confidential information from a former co-worker at the Federal Reserve Bank of New York and has pleaded guilty to a misdemeanor.

Rohit Bansal entered the plea Thursday in Manhattan federal court to a theft of information charge. His plea came a day after ex-Federal Reserve examiner Jason Gross pleaded guilty to the same charge.

The men worked together at the Federal Reserve until April 2014, when Bansal began working at Goldman Sachs. Authorities say Gross fed Bansal documents that Bansal distributed to others at the investment bank, providing information useful to one of its customers.

Sentencing was set for March 9, when Bansal could face up to a year behind bars. The theft led to a $50 million penalty against Goldman Sachs.