Goldman banker in insider trial hid $35,000 cash in sunglasses case


The Goldman Sachs banker, on trial for insider trading, had a secret in his closet: $US24,000 ($35,154) tucked into a sunglasses case.

The stash, US prosecutors said on Tuesday, shows there’s a risk he might flee before his trial on insider-trading charges.

Vice President Bryan Cohen had $US24,000 in the case, hidden in a dresser drawer in his closet, prosecutors in Manhattan said in a letter to a judge. The French citizen also has an overseas bank account with more than $US533,000 and owns four properties in France worth over $US500,000, prosecutors said, citing Cohen’s tax returns.

Investment banker Bryan Cohen is a flight risk, US prosecutors say.Credit:Bloomberg

US District Judge William Pauley had set bail for Cohen at $US750,000 and ordered him to remain under house arrest with a GPS bracelet until his trial. Cohen is seeking to be released from house arrest.



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