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Ex-Goldman banker pleads guilty in insider-trading case

Bryan Cohen pleaded guilty to one count of conspiracy to commit securities fraud

A former vice president at Goldman Sachs pleaded guilty in Manhattan federal court Tuesday to his role in an alleged international insider-trading scheme, admitting that he conspired to give nonpublic information about Goldman clients to a securities trader in Switzerland in exchange for cash and other perks.

Bryan Cohen, 33 years old, pleaded guilty to one count of conspiracy to commit securities fraud, a charge that carries a maximum five-year prison term. Cohen was among six people charged by the Manhattan US attorney’s office in October, following a yearslong investigation into the alleged insider-trading ring. He had faced five criminal counts.

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