Ex-Fed employee pleads guilty to leaking documents

Courtroom Gavel

A former staffer at the Federal Reserve Bank of New York pleaded guilty to stealing confidential government documents and giving them to his former boss, then a junior banker at Goldman Sachs.

Bloomberg News reports that the ex-Fed employee, Jason Gross, admitted in Manhattan federal court Wednesday to leaking the material to Rohit Bansal, a former Goldman Sachs banker.

Bansal will plead guilty Thursday to a misdemeanor charge, a person familiar with the matter said.

Gross, 37, faces as long as 12 months in jail on the misdemeanor charge when he’s sentenced March 2. His lawyer, Bruce Barket, said he will ask for no jail time.

'He’s a relatively young man who obviously made an error', Barket said outside court.

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Ex-N.Y. Fed Employee Pleads Guilty to Leaking Documents

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