Prosecutors said Woojae "Steve" Jung, a 37-year-old Korean citizen, made more than $130,000 by trading illegally on confidential information relating to upcoming transactions and merger negotiations that he was privy to through his job.
Authorities said Jung, who joined Goldman in 2012 and worked in San Francisco, conducted his trades through a brokerage account in the name of a friend living in South Korea.
"Woojae Jung violated his duty to his company and traded on stolen insider information, over and over again," U.S. Attorney Geoffrey Berman in Manhattan said in a statement.
Christopher Steskal, a lawyer for Jung, declined to comment.
"We are aware of the situation regarding Mr. Jung and are cooperating with legal authorities on the matter," Goldman said in a statement.
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