BLBG: U.S. Insider Probe Focus on Asia, Banks Said to Be Intensifying
The multiyear insider trading probe that has implicated U.S. hedge funds, technology company employees and consultants is intensifying its focus on banks and Asia as federal investigators probe Goldman Sachs Group Inc. (GS) technology analyst Henry King, according to a person familiar with the matter.
Michael DuVally, a spokesman for the New York-based bank, didn’t immediately return a call seeking comment on the investigation. James Margolin, a spokesman for the Federal Bureau of Investigation in New York, declined to comment on the case, or whether King is cooperating. The probe of King was reported earlier by the Wall Street Journal.
King didn't answer calls to his Hong Kong office number. E-mails to his company account received an auto reply saying he's out of the country on a personal matter.
Michael DuVally, a Goldman Sachs spokesman, declined to comment on the investigation of King and on whether he is still a bank employee.
To contact the reporter on this story: Patricia Hurtado in New York at pathurtado@bloomberg.net
To contact the editor responsible for this story: David E. Rovella at drovella@bloomberg.net
