Goldman Sachs needs to hire compliance staff to monitor its compliance staff from insider trading abuse
- Early December 2014 – The recent Binghamton University PhD computer science graduate is hired by Goldman Sachs for its Surveillance Analytics Group.
- Early December 2014 - Han opens outside brokerage account in violation of code of ethics he signed when he started work.
- Late December 2014 – Han begins shuttling between Newark and New York Goldman offices setting working on compliance surveillance team.
- January 2015 – Hans work makes him aware that Goldman has been retained by Yodlee as adviser for the a possible sale. His unit assigns code words and protocols for handling confidential emails.
- April-July 2015 – Han learns of three other pending takeover deals Goldman has worked on, including Zulily, Yodlee and KLA. Han begins acquiring shares.
- August 2015 – Yodlee is acquired and the $8,700 Han invested in Yodlee shares and options generates $27,000 in profit.
- Mid-August 2015 – Han takes profit of $36,000 when Zulily deal is announced.
- Mid-September 2015 – After two suspicious trades, broker handling Han's trades shuts his account.
- Late September 2015 – Han sets up account at different broker under the name of Wei Han, a relative in China. (The SEC gives the man's age as 55 but has no further details.) He begins transferring funds to new accounts and makes one small trade on Rentrak, another Goldman-advised deal, that nets $8,000.
- Late September-Early October 2015 - Under scrutiny by one, and perhaps two brokers, Han quickly begins putting $40,000 in gains into a single large options position in takeover candidate KLA, a target of Goldman-advised Lam Research.
- Mid-October 2015 – Lam Research deal announced and Han nets profit of $395,000 on KLA position. He cashes out options in the account of the Chinese national, Wei Han.
- Late October 2015 – Yue Han flees the country and is believed to be in Shanghai.
On Han's LinkedIn profile, it says he still is employed at Goldman, though the SEC's suit and the bank say this is no longer the case.
Han is believed to be in Shanghai, according to the SEC. The SEC says it froze assets in brokerage accounts owned by Han.