Former Goldman Sachs trader Matthew Taylor surrendered to
the Federal Bureau of Investigation at about 8:30 a.m. this morning as part of
a U.S. securities fraud investigation, a person familiar with the matter told Bloomberg.
.
Taylor is to appear in Manhattan federal court later today.
He was accused Nov. 8 in a lawsuit 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.
Morgan Stanley hired Taylor in March 2008 after Goldman
Sachs fired him three months earlier. Goldman cited “alleged conduct related to
inappropriately large proprietary futures positions in a firm trading account,”
in a so-called U-5 form, according to a Financial Industry Regulatory Authority
document....
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