'I recognize the gravity of my mistake'.
Bloomberg News reports that Rohit Bansal pleaded guilty Thursday to a misdemeanor tied to stolen Fed documents that included information from the regulator about a midsize New York bank his group was advising. Jason Gross, a former employee at the Federal Reserve Bank of New York, pleaded guilty Wednesday to passing him the secret information.
'I recognize the gravity of my mistake', Bansal, 30, told U.S. Magistrate Judge Gabriel Gorenstein in Manhattan. 'I have learned from it and would like to move forward'.
Bansal faces up to 12 months in jail when he’s sentenced March 9. The Federal Reserve Board permanently barred Bansal from the banking industry after his guilty plea.
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