Rogue Goldman Trader Sentenced To 9 Months In Prison

Law360, New York (December 6, 2013, 6:57 PM EST) -- A former Goldman Sachs Inc. trader who pled guilty to fraudulently building an $8.3 billion futures position on Friday received a nine-month prison sentence and was ordered to pay back the $118 million his illicit trades cost the firm.

The sentence for Matthew Taylor was not as severe as the punishment the federal government sought for him, which was a prison term of between 33 and 41 months. During the sentencing hearing Friday before U.S. District Judge William Pauley III, Taylor’s attorney, Thomas Rotko, argued that...
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