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Ex-Goldman Trader Turns Himself In
Ex-Goldman Sachs Group Inc trader Matthew Marshall Taylor has turned himself in to federal authorities in connection with charges that he defrauded the Wall Street bank out of $118 million in 2007, two sources familiar with the matter said.
Taylor voluntarily turned himself in to agents with the Federal Bureau of Investigation in New York around 8:30 a.m. EDT on Wednesday morning, said the sources, who spoke on condition of anonymity.
The Commodities Futures Trading Commission filed a civil lawsuit against Taylor in November, accusing him of fabricating trades to conceal an $8.3 billion futures position. The CFTC sought $130,000 in penalties.
Taylor’s move on Wednesday is related to criminal charges that are expected to come from federal prosecutors in New York. He is expected to plead guilty to those charges later on Wednesday, the sources said. It was not clear precisely what he will be charged with.
Philosophers stone – selected views from the boat
http://philosophers-stone.co.uk
2013-04-03 08:36:46
Source: http://philosophers-stone.co.uk/wordpress/2013/04/ex-goldman-trader-turns-himself-in/
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