Former Goldman Sachs Group Inc. analyst Mohammed Zina has been convicted on charges of insider trading and fraud by a jury in London. These convictions encompass six counts of insider trading and three counts of fraud. As an employee of the Conflicts Resolution Group at Goldman, Zina was involved in insider trades from July 2016 to December 2017, which yielded a profit of about £140,000 ($175,780).
The Southwark Crown Court jury decision was unanimous. Following the verdict, the presiding judge ordered Zina to be remanded in custody until his sentencing, which has been set for this upcoming Friday.
Zina’s brother, Suhail Zina, a former employee of Clifford Chance, had previously faced similar charges by the Financial Conduct Authority. However, he was cleared of all counts by the judge.
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