Ex-Goldman Sachs banker gets probation over Fed leak
An ex-Goldman Sachs Group Inc. banker who got a former colleague to steal documents from theFederal 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. 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 New York-based 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.