McCaffrey heard about the paid internship at Goldman Sachs from a friend who works at the firm.
The work environment was also enjoyable because everyone was in their late 20s or early 30s, so it was easy to socialize and get to know your co-workers, McCaffrey said. Youngdahl admitted in court Wednesday that he had a prior arrangement with the consultant to receive the illegal tip. But after completing what he thought would be a perfect 12-week summer internship, McCaffrey decided the life of high-finance was not for him. Davis has entered into a settlement with the Commission. He would encourage other internship candidates to be persistent.
Even with some 800 interns, most of them Ivy League, there was no wasted time, he said. He also admitted lying about the matter to the Justice Department and the SEC.