McKinsey Partner Charged With Insider Trades on Goldman Deal
- Puneet Dikshit made more than $450,000 on options trades
- Consulting firm says Dikshit terminated for ‘gross violation’
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A McKinsey & Co. partner who advised Goldman Sachs Group Inc. on its impending acquisition of GreenSky Inc. was charged with using inside information about the deal to make more than $450,000 from illegal trades.
Puneet Dikshit, 40, bought short-term GreenSky options before the bank’s Sept. 15 announcement that it planned to acquire the financial technology company for around $2.24 billion and then sold them when shares soared on news of the deal, according to criminal charges unsealed Wednesday in Manhattan federal court. He is also facing a suit by the Securities and Exchange Commission, which alleged that Dikshit reaped a 1,829% return on his $24,647 trade.