US authorities say Puneet Dikshit, a partner at McKinsey, made more than $450,000 using insider information
McKinsey confirms Puneet Dikshit worked as a partner but he was fire over ‘gross violation of our policies’partner at McKinsey & Co used inside information on Goldman Sachs’s impending acquisition of GreenSky to make more than $450,000, according to prosecutors.
Dikshit was a partner at a consulting firm who worked on the deal on behalf of Goldman, the SEC said in its complaint. The bank said in September that it planned to acquire GreenSky in an all-stock transaction valued at about $2.24bn. Days before the deal was announced, Dikshit spent $24,647 on out-of-the-money call options for GreenSky, using an account in his name and one in his spouse’s name, according to the SEC suit. He sold the options the same day the deal was made public, reaping a return of 1,829%, according to the SEC. He made several of the trades from an IP address associated with his firm, the complaint says.
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