Telemaque Lavidas, the tipster at the heart of a major insider trading scandal at Goldman Sachs, may be allowed to travel to Greece. This is indicated by documents filed with the New York Southern District Court on Monday, March 8, 2021.

Lavidas, an entrepreneur and pharmaceutical company executive, was sentenced on July 2, 2020, to one year and one day in prison for his role in an international insider trading scheme. He was convicted after trial in January 2020 of insider trading offenses for stealing inside information that he obtained from his father, a member of the board of directors of a pharmaceutical company, and illegally tipping his close friend and co-defendant Georgios Nikas, a securities trader at Goldman Sachs, with that inside information.

On March 8, 2021, the counsel for Lavidas wrote to the Court to request permission for Telemaque Lavidas to travel to Greece for business from April 6 through April 15, 2021. Zondra Jackson, the Probation Officer who is supervising Lavidas while he is on supervised release, has informed Lavidas that the Probation Department consents to this request and the government has also indicated that it has no objection.

Lavidas has now been on supervision for more than six months, which is the period of time that Probation requires before consenting to international travel. In addition, the Probation Department recently reduced Lavidas to low intensity supervision because of his success thus far on supervision.

Lavidas has already completed the 100 hours of community service required for his first year of supervision. He performed the majority of that service at three organizations: Meals on Wheels, the Greek Church Homeless Ministry and an organization called Econnected, which provides tutoring to underprivileged children. Lavidas is also working full time for his family business, where he worked prior to his arrest. He has paid all fines, restitution and special assessments due to date in this case.

Let’s recall that, in addition to the prison term, Lavidas was ordered to pay restitution of $186,430.99 and a fine of $50,000.