Goldman Sachs executive was charged in an insider trading scheme.


A vice president at Goldman Sachs was charged with securities fraud on Thursday, May 31, Bloomberg reported. 

Woojae "Steve" Jung apparently used inside information about the company's clients to make over $140,000 in illegal trades. 

Reportedly, Jung had a co-conspirator in South Korea. 

Jung was based at Goldman's San Francisco office. 

The counts include one count of conspiracy and six counts of securities fraud. The scam lasted from 2015-2017. 

The court documents were unsealed in federal court in Manhattan, Bloomberg reported.

Goldman Sachs didn't immediately respond to requests for a comment.