Former Financial Industry Analyst Charged With Insider Trading for Tipping Friends About Deals

Anthony Viggiano, a former analyst at Goldman Sachs and Blackstone, was charged with securities fraud for tipping friends with insider information on mergers and acquisitions.
Viggiano allegedly provided tips on at least eight deals to his friends Christopher Salamone and Stephen Forlano Jr., who traded on the information.
Salamone has pleaded guilty and is cooperating with authorities, while Forlano also faces charges.
The illicit trading generated over $300,000 in profits for Viggiano's friends.
Viggiano's employers, Goldman Sachs and Blackstone, are cooperating with the investigation into the insider trading scheme.