The US Securities and Exchange Commission (SEC) has sued Marc Demane Debih, 51, claiming he earned at least USD49 million from insider trading just ahead of corporate announcements from 2011 until at least 2017. Several others have joined the scheme, including the former banker of Goldman Sachs Group Inc. Brian Cohen. Mr. Debih pleaded guilty under a co-operation agreement with the United States Attorney’s Office, which includes a USD49 million confiscation order, and is scheduled to be convicted on December 10, 2021.