Life isn’t always easy for one-percenters. Every now and again, high-profile white collar criminals get pinched by the legal system. The former head of a management consultant group is expected to face criminal charges for allegedly sharing inside information from Goldman Sachs board meetings to a hedge fund manager.
Forbes reports the former director of McKinsey & Company is expected to turn himself in to the FBI today. The man he allegedly fed information to was recently sentenced to 11 years in jail.
The crimes in which the consultant firm manager allegedly aided involved revealing that Goldman Sachs had suffered its first-ever quarterly loss as a publicly traded company, as well as info about Berkshire Hathaway’s $5 billion investment in the company.
The man’s client maintains that he is innocent and “acted with honesty and integrity.”