Former Goldman Employee Alleges Co-Workers Knew of Plans to Get Fed Secrets

Some stolen confidential information related to New York Community Bancorp, documents indicate

A former Goldman Sachs Group Inc. GS -0.38%decrease; red down pointing triangle associate has alleged that three of the firm’s current employees knew in 2014 about his illegal efforts to get secrets from the Federal Reserve, according to new legal documents reviewed by The Wall Street Journal.

The former employee, Rohit Bansal, in 2015 pleaded guilty in a Manhattan federal district court to misappropriating confidential information about a midsize bank the Fed supervised, and which Goldman was advising at the time. He was sentenced to two years’ probation. He also received a lifetime ban from banking from the Fed.