Former Goldman Sachs Group Inc. bond analyst Eugene Plotkin pleaded guilty to helping lead an insider trading scheme.
Mr. Plotkin, a former associate in Goldman Sachs' fixed-income research division, entered a guilty plea today to conspiracy and eight counts of insider trading at a hearing before U.S. Magistrate Judge Debra Freeman in New York, according to published reports.
Prosecutors alleged that Mr. Plotkin and David Pajcin, a former analyst in Goldman Sachs' fixed-income division, masterminded a series of insider-trading schemes that prosecutors said generated more than $6.7 million in illegal proceeds.
Mr. Plotkin faces up to 20 years in prison on each insider-trading charge.
Mr. Pajcin, who is cooperating with the government, is facing criminal charges in the matter. Three others have pleaded guilty to criminal charges in the case.