FBI Busts Goldman Sachs Analyst for Insider Trading Scheme Using Xbox Chat
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FBI indicts former Goldman Sachs analyst for insider trading, including allegedly using Xbox 360 to share tips.
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Analyst shared tips with childhood friend, who made over $400k in profits on trades.
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Analyst thought Xbox chats were untraceable by FBI.
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This is the 5th recent case of someone at Goldman Sachs allegedly doing crimes.
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Unclear if FBI actually obtained the Xbox chats or just got a confession.