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By Matthew Russell Lee, Patreon
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SDNY COURTHOUSE, April 6 – November 10, 2021 saw "the unsealing of a criminal complaint charging PUNEET DIKSHIT, a partner in a global management consulting firm (the “Consulting Firm”), with securities fraud in connection with a scheme to commit insider trading based on material, nonpublic information regarding the upcoming public announcement that an investment bank (the “Investment Bank”) – which DIKSHIT and the Consulting Firm were advising – would be acquiring GreenSky, Inc. (“GreenSky”).  The defendant was arrested earlier today and will be presented this afternoon before U.S. Magistrate Judge Kevin N. Fox."

   Now retired Judge Fox, when the time came, approved Dikshit's release on $1 million bond secured by $50,000 cash or property, signature of his wife required, other conditions to be met by November 19, 2021.  

While the above airbrushed out McKinsey and Goldman Sachs, they are "Consulting Firm" and "Investment Bank" respectively.

On December 15, 2021 Dikshit pleaded guilty: "PUNEET DIKSHIT, a former partner in a global management consulting firm (the “Consulting Firm”), pled guilty to one count of securities fraud in connection with his scheme to commit insider trading based on material, nonpublic information regarding the upcoming public announcement that an investment bank (the “Investment Bank”) – which DIKSHIT and the Consulting Firm were advising – would be acquiring GreenSky, Inc. (“GreenSky”).  The defendant pled guilty before U.S. District Judge Colleen McMahon."

The plea agreement provides for a guideline sentence of 30 to 37 months (plea agreement on Patreon here). He is scheduled to be sentenced on March 30, 2022.

  But on that day, when Inner City Press went, the sentencing was postponed - to April 6, it was said. Into the docket on April 4 went a letter from the prosecutors, that they "underwood that the defendant would consent to a motion for a judicial order of removal" to India... "Today, the defendant advised the Government that he would not consent to such a motion." So when is the sentencing?

The case is US v. Dikshit, 21-cr-760 (McMahon)

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