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A Goldman Sachs boss has reportedly quit after making millions on dogecoin

So many Dogecoin riches you don't need to work? It reportedly happened to this Goldman employee.

5/16/2021 10:25:00 AM

So many Dogecoin riches you don't need to work? It reportedly happened to this Goldman employee.

The bank confirmed Aziz McMahon, head of emerging market sales, has left — he made a 'substantial sum,' according to some reports.

A spokesman for Goldman GS, +2.78% confirmed Aziz McMahon, a managing director and head of emerging market sales based in London, has left the investment bank where he has worked for 14 years. But the spokesman told MarketWatch he had no knowledge of the investment in dogecoin.

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Read: Biggest risk for crypto? ‘Its own success,’ says founder of world’s largest hedge fund Ray DalioThe Guardian newspaper reported McMahon made the money investing on his own personal account and wasn’t involved in trading cryptocurrencies for Goldman Sachs. While not much is known about the amount McMahon reportedly made, the newspaper cites unnamed sources claiming it was a “substantial sum.”

It is thought McMahon, who says he studied at Trinity College Dublin on LinkedIn, may be starting a hedge fund, according to efinancialcareers, which was first to report the story.McMahon has been contacted for comment.Read: Dogecoin price flops as Elon Musk hosts ‘Saturday Night Live’ headtopics.com

Read more: MarketWatch »

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Exchanged other people’s real money for fake money. Got it. And a massive potential to destroy a lot of dreams. So a lot of stimulus money going into made up things like these while the average person is stuck with higher inflation due to the stimulus?