In his early 30s, Brijesh Goel had it all. After starting his career at Deutsche Bank in New York, he joined Goldman Sachs aged 26 and was already a vice president on the structured credit team. Aged 36, he achieved a position at Apollo, the buyside firm with a reputation for indecently high pay.
Yesterday, however, Goel, sunk his head in despair. He was convicted for conspiracy, securities fraud and obstruction of justice, a sentence that carries a maximum penalty of 20 years in prison.