Former Goldman Sachs Analyst Indicted for Insider Trading Scheme Using Xbox Chats to Avoid Detection

Anthony Viggiano, a former Goldman Sachs analyst, was indicted for insider trading along with two friends.
Viggiano allegedly passed illegal financial information to his friends using encrypted messaging and Xbox 360 voice chat.
Viggiano believed Xbox chats couldn't be traced by authorities.
Viggiano and friends made over $400,000 from their insider trading scheme before being caught.
The FBI confirmed the contents of an Xbox audio chat between Viggiano's friends about an acquisition.

theverge.com

Relevant topic timeline:

9/28/2023

SEC Charges Ex-Goldman Sachs Employee for Alleged Insider Trading Scheme That Netted Over $400K

Former Goldman Sachs and Blackstone employee, Anthony Viggiano, has been charged by the SEC for allegedly passing insider tips to friends, resulting in illegal securities trading and over $400,000 in illicit gains.

9/29/2023

FBI Busts Goldman Sachs Analyst for Insider Trading Scheme Using Xbox Chat

A former Goldman Sachs analyst and his close friends are accused of insider trading, with the analyst allegedly using an Xbox to pass on tips, resulting in over $400,000 in illegal gains for the group.