Ex-Goldman Trader To Pay $500K To Settle CFTC Suit

Law360, New York (August 30, 2013, 3:37 PM EDT) -- A former Goldman Sachs & Co. vice president who pled guilty to hiding an $8 billion trading position that allegedly cost the bank $118 million will pay $500,000 to settle civil allegations against him, the U.S. Commodity Futures Trading Commission said Friday.

U.S. District Judge Richard J. Sullivan entered the order Thursday against Matthew Taylor, permanently banning him from registration activities and trading commodities in addition to imposing the $500,000 civil monetary fine.

Taylor defrauded Goldman Sachs in late 2007 by falsifying e-mini futures trades, bypassing...
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