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McKinsey partner accused of insider trading in Goldman GreenSky purchase
Posted on 11/12/21 at 1:58 am
Posted on 11/12/21 at 1:58 am
quote:
A partner at the McKinsey consulting firm was criminally charged on Wednesday with insider trading ahead of Goldman Sachs Group Inc’s agreement to buy fintech lender GreenSky Inc for $2.24 billion, U.S. prosecutors said on Wednesday.
Puneet Dikshit, 40, of Manhattan, faces two securities fraud counts after allegedly generating about $450,000 of profit from 2,500 GreenSky call options that he bought in the two days before the merger was announced on Sept. 15.
NY Post
quote:
Authorities said Dikshit led McKinsey’s unsecured lending practice in North America and had been a lead partner advising Goldman. The U.S. Securities and Exchange Commission filed related civil charges.
Lawyers for Dikshit did not immediately respond to requests for comment following the defendant’s arrest on Wednesday.
quote:
The charges were announced nine years after former McKinsey chief and Goldman director Rajat Gupta was convicted of insider trading for passing tips about the bank, including a pending investment from Warren Buffett’s Berkshire Hathaway Inc . Prosecutors said Dikshit ran Google searches related to Gupta’s conviction about three weeks after Goldman agreed to buy GreenSky.
Dikshit is in deep shite.
12
Posted on 11/12/21 at 2:37 am to member12
White people call that a crime for some reason.
It’s called a hook up when you tell your buddy that he may want to invest.
It’s called a hook up when you tell your buddy that he may want to invest.
Posted on 11/12/21 at 3:05 am to member12
Like insider trading doesn't happen all day every day. The SEC is just doing a public execution in this case to continue to give the public the illusion that the market is a fair place.
Posted on 11/12/21 at 3:55 am to Fat and Happy
This might blow your mind but it’s okay to be a capitalist and condemn insider trading 
Posted on 11/12/21 at 4:36 am to member12
Yet all our politicians dumped stocks and bought up Pfizer before the COVID shut down was announced. Zero was done.
Posted on 11/12/21 at 4:41 am to member12
Pelosi family does this all the time.
Posted on 11/12/21 at 4:54 am to jbgleason
quote:are you aware that insider trading by Senate and Congress is legal? This is how they make their money. Not sure how that originated but it’s true, and frustrating.
Yet all our politicians dumped stocks and bought up Pfizer before the COVID shut down was announced. Zero was done.
Posted on 11/12/21 at 4:56 am to member12
Dikshit….
Posted on 11/12/21 at 5:03 am to lsuroadie
Ok. Now do members of Congress.
Posted on 11/12/21 at 5:06 am to jbgleason
quote:
Yet all our politicians dumped stocks and bought up Pfizer before the COVID shut down was announced. Zero was done.
Congress and Senate are exempt from insider trading laws. Imagine that.
Posted on 11/12/21 at 5:31 am to jbgleason
Pfizer's stock went from $42 pre pandemic to $50 now. Not a great insider trade.
Posted on 11/12/21 at 6:19 am to member12
So not only was he a McKinsey partner, he was a lead advisor for Goldman and googled Rajat Gupta on his work computer a few weeks after he made the illegal trade. Gupta was another McKinsey partner accused of insider trading 9 years ago.
I’m honestly surprised it’s not EY. They usually get the bad headlines like this.
I’m honestly surprised it’s not EY. They usually get the bad headlines like this.
Posted on 11/12/21 at 6:39 am to member12
Hahahaha his name is Dikshit!
Hahahahahahaha
Hahahahahahaha
Posted on 11/12/21 at 6:42 am to SG_Geaux
Blue Horseshoe loves Anacott Steele
Posted on 11/12/21 at 7:03 am to dewster
quote:
I’m honestly surprised it’s not EY.
I think you meant KPMG
Posted on 11/12/21 at 7:22 am to member12
quote:
Puneet Dikshit
That guy sounds like a real Dikshit
Posted on 11/12/21 at 7:51 am to member12
Now go after Congress doing the same thing
Posted on 11/12/21 at 7:53 am to member12
He gonna learn what
tastes like in federal pound me in the arse prison
quote:
Dikshit
tastes like in federal pound me in the arse prison
Posted on 11/12/21 at 8:01 am to dewster
quote:
I’m honestly surprised it’s not EY. They usually get the bad headlines like this.
EY, KPMG, McKinsey, Boston, Deloitte…..none of their insider traders can possibly hold a cancel to the US Congress.
Posted on 11/12/21 at 8:13 am to member12
What a Dickshit!
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