FBI Indicts Goldman Sachs Analyst Who Tried Using Xbox Chat for Insider Trading

Kotaku reports:A newly unsealed FBI indictment accuses a former analyst at Goldman Sachs of insider trading, including allegedly using an Xbox to pass tips onto his close friends. The friend group earned over $400,000 in ill-gotten gains as a result, federal prosecutors claim. "There's no tracing [Xbox 360 chat]," the analyst allegedly told his friend who was worried they might be discovered. He appears to have made a grave miscalculation. The FBI arrested Anthony Viggiano and alleged co-conspirator Christopher Salamone, charging them with securities fraud on September 28. Viggiano is accused of using his previous position at Goldman Sachs to share trading tips with Salamone and others. Salamone has already pleaded guilty. Bloomberg reports that this is the fifth incident in recent years of a person associated with the investment bank allegedly using their position to do crimes... Probably best to keep the crime talk on Xbox to a minimum either way, especially now that Microsoft is using AI to monitor communications for illicit and toxic activities. In a statement an FBI official said "This indictment is yet another example of individuals believing they can get away with benefiting from trading on material non-public information.

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