Ex-Goldman Sachs Trader Taylor Said to Surrender to FBI
By Bob Van Voris - Apr 3, 2013 8:43 AM ET
Former Goldman Sachs Group Inc. traderMatthew Taylor planned to surrender today to the Federal Bureau of Investigation, a person familiar with the matter said.
Taylor was accused Nov. 8 by the U.S. Commodity Futures Trading Commission of concealing an $8.3 billion position in 2007 that caused New York-based Goldman Sachs to lose $118 million.
A trader works at the Goldman Sachs Group Inc. booth on the floor of the New York Stock Exchange. Photographer: Peter Foley/Bloomberg
Morgan Stanley (MS) hired Taylor in March 2008, less than three months after Goldman Sachs disclosed in a public filing that he had been fired for building an “inappropriately large” proprietary trading position.
Ellen Davis, a spokeswoman for Manhattan U.S. Attorney preet Bharara, didn’t immediately return a call seeking comment on whether Taylor’s surrender today was related to the CFTC matter.
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