Fed Employee Gets Measly $2K Fine For Stealing Secrets and Giving Them to Goldman Sachs

A former Fed employee received less than a slap on the wrist for sharing confidential documents from the Federal Reserve Bank of New York with a friend working for — wait for it — Goldman Sachs.

After pleading guilty to the misdemeanor charge of “theft of government property,” Jason Gross was ordered by U.S. Magistrate Judge Gabriel Gorenstein to pay a $2,000 fine and complete 200 hours of community service while on probation for one year. The disproportionate punishment “disappoint[ed] prosecutors who said his leaking of confidential documents to a friend at Goldman Sachs Group Inc … justified time behind bars,” noted Reuters.

If you ever required proof of the incestuous revolving door between government and the Big Banks, Gross’ measly sentence should suffice nicely .... http://www.activistpost.com