New York – A former Goldman Sachs investment analyst was freed on $3 million bail Friday, three months after being jailed on charges stemming from what prosecutors called one of the most extensive insider trading schemes in decades.
Eugene Plotkin, 26, was released following a hearing before U.S.
District Court Judge Richard Holwell. He had remained in jail while family and friends gathered the funds.
Plotkin, a Manhattan resident, declined to comment as he left court accompanied by his father, Mikhail.
His attorney, Edward Little, said Plotkin maintains his innocence. “He is relieved to be out. We look forward to trying this case,” he said.
The Harvard graduate was arrested in April along with another Goldman Sachs employee and a Merrill Lynch analyst. They are accused of making more than $6.7 million in an insider trading scheme, enlisting the help of a fork-lift operator at a Wisconsin printing plant who leaked advance copies of BusinessWeek magazine.
The analysts used information and opinions from “Inside Wall Street,” a market-moving column in the magazine, to make decisions on stock purchases, prosecutors said.
A New Jersey postal worker accused of leaking grand jury information has also been arrested in the case.
A pretrial hearing is scheduled for Sept. 6.
