An employee of the management consultancy McKinsey is suspected of insider trading in America.
The advisor, who advised the investment bank Goldman Sachs, is charged with using inside information regarding the acquisition of the fintech platform GreenSky.
Prior to announcing the takeover on September 15, he was believed to have bought options that he sold again when shares skyrocketed after the deal was announced, Bloomberg reports.
According to prosecutors, he is said to have earned more than $ 450,000.
Tillmann Neuscheler
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McKinsey himself speaks of "frightening behavior".
The management consultancy dismissed the partner for “grossly violating” the company's internal guidelines.
They have “zero tolerance” for such behavior and will continue to work with the authorities, according to a message that the FAZ has received.
The case brings back memories of the insider scandal of the former McKinsey boss Rajat Gupta around 10 years ago.
Gupta was embroiled in a major insider scandal after he left McKinsey and was imprisoned for two years.
After his time at McKinsey, Gupta had worked on the board of directors at Goldman Sachs and provided a hedge fund manager with classified information from the board of directors.