Ex-Goldman banker gets probation over stolen Fed documents

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An ex-Goldman Sachs banker who got a former colleague to steal documents from the Federal Reserve Bank of New York was sentenced to two years’ probation after a judge said he’d already been punished enough by having his reputation trashed on the Internet.

Bloomberg News reports that Rohit Bansal, who prosecutors said should get as long as a year in prison, pleaded guilty last year to a misdemeanor for obtaining about 35 documents on about 20 occasions from his friend Jason Gross, who was employed at the New York Fed. The case was first disclosed in a settlement last year between Goldman Sachs and the New York Department of Financial Services.

U.S. Magistrate Judge Gabriel Gorenstein said Bansal’s "selfish motivation is a significant disturbing aspect of the case," but he added that the documents Bansal obtained were “essentially innocuous.”

“Because of the power of the Internet, his reputation is forever already besmirched,” Gorenstein said at a sentencing hearing in Manhattan federal court. Sending Bansal to prison wouldn’t serve any purpose when the Internet would forever link him to his crimes and subsequent firing by Goldman, the judge said.

To access the complete Bloomberg News article hit the link below:

Ex-Goldman Sachs Banker Bansal Gets Probation Over Fed Leak

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