Goldman Insider Trader Gets 3 Years in ‘Squash Buddies’ Case

Here’s the thing about this joker’s story. In the few years leading up to 2011, more than 100 hedge fund managers and other investors were fined and/or served time for insider trading. It was all over the news for months and months, as all the cases were revealed and adjudicated. There were a few who beat the rap, but most of the cases ended in convictions.

For the most part, these were successful, wealthy and highly educated people and it all unfolded only 12-15 years ago. It was recent enough that most finance professionals can remember when Galleon’s Raj Rajaratnam was given the longest sentence of all in 2011, eleven years of which he served eight!

Certainly, this guy from Goldman would have known Raj’s story, and considering the notoriety, about all the others who also bit the dust. Yet here he is thinking that HE has the “magic formula,” that all the other dummies who got caught missed out on! Moreover, at least in his mind, the one that would keep him in the shadows and provide safety from discovery!


You see folks, there are some people who are just plain smarter, more resourceful and clever, better liars and manipulators and more skilled at evading the light from shining on them. But the Rule is, that the longer they evade, the deeper the hole they dig for themselves, when they can evade no longer!

Find Rob’s book & ebook “What Goes Around Comes Around – A Guide To How Life REALLY Works” at  Amazon or Audible
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Kirkus Reviews says:
A stable, nonpreachy, objective voice makes the book stand apart from others in the genre. A successful guide that uses anecdotes of real human experiences to reveal powerful truths about life.

Prosecutors had sought a prison term of about 3-1/2 years.  Goel had asked to be sentenced to time served, followed by immediate deportation to India. He grew up in Gurugram, a Delhi suburb, and moved to the United States after getting married in 2014.

Lawyers for Goel did not immediately respond to requests for comment.

Prosecutors said Goel tipped his friend Akshay Niranjan about at least six potential mergers in which Goldman was involved in 2017 and 2018, including a takeover of Spirit Airlines (SAVE.N) and T-Mobile’s (TMUS.O) purchase of Sprint.

Goel allegedly learned the information from internal Goldman emails and passed the tips while playing squash.  Prosecutors said he also obstructed a federal grand jury and the Securities and Exchange Commission by asking Niranjan to delete text messages about the scheme, which generated about $280,000 of profits.

Niranjan testified against Goel as part of an agreement to avoid being prosecuted himself. Goel’s sentence also includes three years of supervised release, a $75,000 fine, an $85,000 forfeiture, and restitution to be determined later. The defendant’s lawyers had argued that a lengthy prison term overstated the gravity of the offense.

They also said deportation, “along with all of the other life-shattering penalties already inflicted on Mr. Goel, consequences that he himself acknowledges he brought upon himself,” was sufficient punishment.

The case is U.S. v. Goel, U.S. District Court, Southern District of New York, No. 22-cr-00396.  Reporting by Jonathan Stempel in New York, Editing by Rosalba O’Brien

Kirkus Reviews, the gold-standard for independent & accurate reviews, has this to say about

What Goes Around Comes Around:

A successful guide that uses anecdotes to reveal powerful truths about life.  

The stable, positive, non-preachy and objective voice makes the book stand apart from others in the genre.

~ Kirkus Reviews

“The author gives readers not just points or principles to ponder, but real human experiences that demonstrate them!
Kirkus Reviews
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“I’ve read a number of books that focus on sharing a similar message, including “The Secret” by Rhonda Byrne, “The Answer” by John Assaraf & Murray Smith, “The Celestine Prophecy” by James Redfield, “Think and Grow Rich,” by Napoleon Hill, and I must say that I find Rob’s to be my favorite. – Sheryl Woodhouse, founder of Livelihood Matters LLC

Goldman Insider Trader Gets 3 Years in ‘Squash Buddies’ Case

Goldman Insider Trader Gets 3 Years in ‘Squash Buddies’ Case