NEW YORK, (Reuters) – A McKinsey partner pleaded guilty in advance to insider trading. Goldman Sachs Group U.S. authorities announced on Wednesday that Inc has agreed to acquire GreenSky Inc as a fintech lender for $2.24billion.

Puneet Dikeshi, age 40, has pleaded guilty for one count each of securities fraud. Last month, he was accused of generating approximately $450,000 in profit from the 2,500 GreenSky options he purchased two days prior to the announcement on September 15.

Damian Williams, U.S. Assistant for the Southern District of New York stated that Dikshit awaits his sentencing.

According to authorities, Dikshit was the leader of McKinsey’s North American unsecured lending business and was also a partner in Goldman’s advisory firm. GreenSky is a lender that specializes in arranging consumer loans for big, one-time purchases. On the date of merger announcement, its share price rose 53%.

Prosecutors claimed that Dikshit purchased his options to bet on the rise in stock prices without McKinsey’s approval. Last month, the company said it fired Dikshit because of “a gross violation our policies.”

Nine years ago, Rajat Gupta (ex-McKinsey director) was found guilty of insider trading. According to the prosecution, Dikshit (NASDAQ:) ran Google search related to Gupta’s arrest three weeks before Goldman bought GreenSky.

Dikshit is also facing civil charges by the U.S Securities and Exchange Commission.