Ex-Goldman VP's Bogus Trades Cost Bank $118M, CFTC Says

Law360, New York (November 9, 2012, 1:34 PM EST) -- Federal futures regulators sued a former Goldman Sachs Group Inc. vice president on Thursday, accusing the fired trader of defrauding the New York City financial services giant out of more than $118 million through a series of 60 bogus transactions that came to light in late 2007.

The U.S. Commodity Futures and Exchange Commission's lawsuit, filed Thursday in Manhattan federal court, seeks to bar defendant Matthew Marshall Taylor from making commodities or options trades or swaps in the future for violations of the Commodity Exchange Act...
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