The SEC’s complaint, filed in federal district court in Manhattan, alleges that in the course of providing consulting services, Dikshit learned highly confidential information concerning The Goldman Sachs Group Inc.’s impending acquisition of the consumer loan fintech platform GreenSky Inc. According to the SEC’s complaint, in the days leading up to the acquisition announcement on Sept. 15, 2021, Dikshit used this information to purchase out-of-the-money GreenSky call options that were set to expire just days after the announcement. The SEC’s complaint further alleges that Dikshit violated his firm’s policies by failing to pre-clear these options purchases, which he sold on the morning of the acquisition announcement for illicit profits totaling over $450,000.

“We allege that Dikshit breached duties to his employer and his client by misusing their confidential information for his own financial gain,” said Joseph G. Sansone, Chief of the SEC Enforcement Division’s Market Abuse Unit. “Thanks to our trading analysis tools, we were able to move swiftly to hold him accountable for his actions and protect the fairness of our securities markets.”

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#43418673)

This is the equivalent of a layup for the SEC.

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#43418719)

Three weeks later, after news of suspicious trading in GreenSky options, Dikshit used his McKinsey computer to run searches about Rajat Gupta’s insider trading conviction.

A MCKINSEY PARTNER

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#43418762)

Estimate his IQ.

"Dikshit used his McKinsey computer to run searches about Rajat Gupta’s insider trading conviction."

lol.

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#43419096)

This must be one of those tough, brain-busting McKinsey interview questions

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#43419937)

Anil Kumar said the Galleon hedge fund founder told him: “You work very, very hard. You are underpaid. People are making fortunes ... so just keep track of your knowledge and share it with me.”

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#43419061)

I guess going to lol school does have some advantages.

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#43423998)

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#43418689)

Very smart people they are hiring over there

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#43418740)

The consultant made his trades using an account in his name and one in his spouse’s name, according to the SEC. Evidence of Dikshit’s insider trading was found on his work computer, prosecutors said. On the day before the GreenSky deal was announced, Dikshit used Google to search: “what happens to options when company is acquired” and “greensky market cap.” He also used it to check his broker’s web page for information about $10 GreenSky call options, they said.

Three weeks later, after news of suspicious trading in GreenSky options, Dikshit used his McKinsey computer to run searches about Rajat Gupta’s insider trading conviction.

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#43418755)

*three weeks later*

is dis veddy bad?

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#43418758)

this guy might've made like half that idk

from what I heard years ago the pay gap with ibanking is pretty bad to start and gets worse and worse

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#43422761)

DESCRIBE your tools.

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#43419086)

this fuking turdeep jfc wat a moron there has to be more to this story like some fuking rogue FBI agent (XO loves this angle, right? oh it only applies when they do it to right wing birdshits, huh?)

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#43419124)

They have no such purpose against Indians so no motive to do what you are suggesting

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#43419173)

maybe some animalistic reptile instinct kicked in and fucked with his judgment. you can execute these trades in <2 minutes on your phone without actually thinking much about what you’re doing.

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#43420176)

seems like he had at least 3 weeks after the trades to gtfo. he should’ve like traded 20x more calls, cashed out at the very first opportunity into bitcoin, gone on vacation (maybe this buys him a few extra days), and never looked back

i guess hed probably be more fucked if they stopped him at the airport or something

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#43420327)

https://news.yahoo.com/u-charges-mckinsey-partner-insider-143720952.html

He tried to retroactively get his trades approved.

Yeah he is really stupid.

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#43424219)

holy shit. what was he trying to accomplish with this request? just drawing attention to himself? what if they somehow weren't even focused on him initially? One weird trick to keep the $500k after all? the sec HATES him

I do wonder what wouldve happened if he panicked and exited all the trades like 24 hours later (before the merger announcement) and took the secret to his grave.

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#43424943)

smh

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#44292457)

You're under arrest Mr. Fox, for conspiracy to commit securities fraud and for violating the Insider Trader's Sanction Act.

The minute I laid eyes on you I knew you were no good.

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#45398147)

Puneet Dikshit, who is currently serving a two-year sentence, said in a May 30 Manhattan federal court filing that he received a particularly harsh penalty because his lawyers at the law firm Kramer Levin Naftalis & Frankel failed to highlight his immediate remorse over his conduct and earlier efforts to turn himself in."

https://news.bloomberglaw.com/business-and-practice/ex-mckinsey-partner-who-traded-on-goldman-deal-seeks-jail-exit

(http://www.autoadmit.com/thread.php?thread_id=4961024&forum_id=2)#46480003)