Goldman Sachs fined $50m over stolen documents.

PositionLEGAL DECISION - Brief article

Goldman Sachs has been hit with a $50 million fine, and an ex-banker will plead guilty to federal criminal charges that he took confidential documents from the Federal Reserve Bank of New York, according to media reports.

The civil penalties against the banking giant are among the harshest ever doled out by New York. The charges against ex-banker Rohit Bansal and the source of the documents, New York Fed banker Jason Gross, were filed by Manhattan U.S. Attorney Preet Bharara, the New York Times reported. The two could be sentenced to up to a year behind bars.

Bansal and his supervisor were fired when the leak was discovered in...

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