Manhattan U.S. Attorney's Office said that Goffer were sentenced by 14 points for conspiracy and securities fraud, while his brother Emanuel Goffer and Michael Kimelman, another trader, was convicted of conspiracy and two counts of securities fraud.
Federal Court jury came back with the verdict following five days of deliberations after only two weeks of trial.
The Government had accused his co-defendants Goffer and traded on inside information provided by the company's lawyers that made them 20 million dollars in illegal profits.
Prosecutors said Goffer paid almost $ 100,000 in exchange for the confidential information.
Manhattan U.S. Attorney Preet Bharara had harsh words for his co-defendants Goffer and after judgment.
"Zvi Goffer may have had a good reputation in the hedge fund world to be omnipresent, but today, along with his brother Emanuel and Michael Kimelman, he discovered they are not above the law," said Bharara in a statement.
It was the second major insider trading case in the spring, after the trial of former Chief, Goffers Raj Rajaratnam, Galeons founder, who was sentenced in May to 14 points for insider trading.
Zvi Goffer, 34, faces up to 25 years in prison. He is scheduled for sentencing on september 7.
His brother Emanuel and co-conspirator Kimelman each faces 45 years. Both have an Oct. 7 sentencing date.
Lawyers for the defendants could not be reached immediately for comment.
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