Meet the former Goldman Sachs Vice President who worked for almost 7 years as an undocumented immigrant
Courtesy of Bloomberg Businessweek; Photograph by João Canziani
Arce, who spent seven years at Goldman and structured derivatives for the private wealth division, described her experience as "terrifying" to Bloomberg's Max Abelson in a Businessweek profile.
Now 31, Arce moved to Texas at age 11 and later attended university in-state. (Undocumented immigrants are able to enroll in public universities in Texas.) She then found her way to Wall Street after interning at Goldman and using a fake green card bought for a "few hundred" dollars.
The forged documents got her through all the necessary background checks and served her for years (she made Vice President in her 6th), until she married her college boyfriend and exchanged her fake green card for a real one.
Aside from that, her experience working as a woman on Wall Street sounds pretty normal:
Arce and her friends liked to sit back at Ulysses and watch Goldman guys attempting to flirt with women. If a banker came up to her and name-dropped the firm, she would ask what exactly he did there and try to stay polite when he answered that she wouldn't really understand. If he asked about her, she would cordially explain that she structured derivatives at Goldman Sachs for its richest clients.
Arce has since left finance, and will begin work next month for Define American, a non-profit in California that advocates for undocumented immigrants.
- CEO says he tried to hire an AI researcher from Meta, and was told to 'come back to me when you have 10,000 H100 GPUs'
- We bought a house in Japan for $30,000. We'll have more land than we could afford in the US, and our kids will be more independent.
- Rumors Prince William is having an affair with Rose Hanbury are flooding social media again after Stephen Colbert waded into 'Katespiracy'
- Electrifying auto market: Planning to buy an EV, compare their price with petrol, diesel and CNG variants
- Bank of Japan ends decades-long negative interest policy
- Realme Narzo 70 Pro with Dimensity 7050, 5,000mAh battery launched in India
- Popular Vehicles shares make weak market debut; decline nearly 2% in opening trade
- TCS shares tank over 3% after Tata Sons divests 0.65% stake