Spare a thought for ex-Goldman analyst Mohammed Zina, who faces his sentencing for insider trading today. He could go to jail for up to 10 years. At least the work-life balance will be better than his old gig.

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Former Goldman analyst found guilty of insider trading

A former Goldman Sachs analyst has been found guilty of insider trading and fraud ($) in London. Mohammed Zina made about £140,000 ($176,000) by using fraudulently obtained loans to trade stocks based on information gained in his job.

Zina worked in Goldman’s conflict resolution group, where he regularly received confidential information. He traded shares in six companies with that information, using accounts in his brother’s and sister’s names. In one case, Zine bought Arm shares an hour after learning about Softbank’s plan to buy the company in 2016.

The defense spun a contrasting story of a man who kept his supermarket job after joining Goldman because he “missed working with ordinary people”. The jury was also told about how Zina turned to trading to distract himself from his mother’s prolonged illness. He faces a prison sentence of as long as 10 years.

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