Rockland County, NY -A former Goldman Sachs & Co. associate from Rockland County who was part of an international insider-trading ring should be sentenced to no more than 57 months in prison, his lawyer argues in court papers.
In addition, the lawyer for Eugene Plotkin, 28, is asking the court to give Plotkin credit for the 10 months of home confinement and three months of prison time he served following his April 2006 arrest.
Plotkin, a native of the former Soviet Union who worked in the fixed-income research division at Goldman, used inside information from several sources, including an analyst at Merrill Lynch, two workers at a Wisconsin printing plant who stole copies of Business Week magazine and a grand juror in New Jersey who passed along information about a probe into Bristol-Myers Squibb Co., prosecutors said.
Plotkin, identified by the U.S. Securities and Exchange Commission as an Airmont resident, is due to be sentenced Thursday by Judge Richard J. Holwell in U.S. District Court in lower Manhattan on charges of conspiracy and securities fraud for his role in a bizarre set of schemes that sprung from a 2004 meeting in Croatia. Prosecutors said the schemes produced $6.7 million in illegal profits.
Plotkin’s attorney Edward J.M. Little describes Plotkin as the victim of cruel discrimination as a child because of his Jewish faith and says he was exhausted from his job. [journalnews]