Earlier this month, the Wall Street Journal revealed the name of the Hong Kong based Goldman tech analyst being investigated for passing insider information to Galleon Group. His name is Henry King.
Now, says the WSJ, there is another — David Loeb, a 41 year old managing director who acts as a middle man between Goldman and some of it’s most heavy hitting hedge fund clients, especially those involved in tech, is also being investigated.
According to the report, Loeb speaks Chinese, worked and dealt with King closely, and was mentioned by a defence witness during the Raj Rajaratnam trial last year. He also frequently signed emails ‘cbf’ for ‘chunky but funky.’
It’s important to note that these investigations may not lead to criminal charges, even though it’s widely known across Wall Street that federal authorities are cracking down on insider trading.