The dome of the Capitol is reflected in a puddle in Washington February 17, 2012.REUTERS/Kevin Lamarque

Another debt ceiling debacle could sink the economy

Last year's Congressional debt standoff hurt consumer confidence more than the collapse of Lehman Brothers, Betsey Johnson and Justin Wolfers write. This time could be worse.  Read more at Counterparties  

Goldman analyst probed for leaking inside info: report

A sign shows the address of the Goldman Sachs headquarters building in New York July 19, 2010.    REUTERS/Lucas Jackson

A sign shows the address of the Goldman Sachs headquarters building in New York July 19, 2010.

Credit: Reuters/Lucas Jackson

Wed Feb 15, 2012 8:40am EST

(Reuters) - A Goldman Sachs (GS.N) technology analyst is under investigation by federal authorities for leaking inside information to hedge funds, the Wall Street Journal said, citing people close to the situation.

The newspaper named the analyst as Henry King and said his activities focused on the flow of information from Taiwan to U.S. investors about the supply chain for personal-computer parts makers from Taiwan.

In recent years, technology investors have increasingly used snippets of information about the production of computer parts as an indication of how demand in the United States for computers might be shifting, in turn affecting the results of U.S. technology companies, the Journal said.

It did not give further details on the investigation.

Edward Naylor, Goldman Sachs' Hong Kong-based spokesman, declined to comment on the Journal report to Reuters. The Manhattan U.S. attorney's office and the Federal Bureau of Investigation could not be reached for comment by Reuters outside regular business hours.

A Goldman spokesman declined to comment to the paper on King's employment status. The Journal said representatives from the Manhattan U.S. attorney's office and the Federal Bureau of Investigation also declined to comment.

The newspaper said King did not return calls for comment.

Dozens of hedge fund managers, traders, consultants, lawyers and executives have been charged since 2009 in a sweep by federal authorities to stop money managers from gaining an illegal edge in the market with inside information.

(Reporting by Sruthi Ramakrishnan; Additional reporting by Sakthi Prasad, Editing by Mark Potter)

Related Quotes and News

Company
Price
Related News
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (1)
Hewson wrote:
Wow! Corruption unearthed in the Sachs cesspit! Now there’s a surprise.

The vampire squid’s soft underbelly should be speared once and for all. It would be a service to humanity.

Feb 15, 2012 7:36am EST  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.