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NEW YORK — Zvi Goffer, a trader nicknamed “Octopussy” because his arms reached into so many sources of information, was found guilty of insider trading Monday, the latest victory for the government in a sweeping crackdown on insider trading at hedge funds.
A 12-person jury convicted Goffer and two accused co-conspirators, Emanuel Goffer, Zvi Goffer’s brother, and Michael A. Kimelman, on its fifth day of deliberations in U.S. District Court in Manhattan. They each face up to 25 years in prison and are free on bail until their sentencing.
