Matthew marshall taylor goldman sachs biography
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NEW YORK (Reuters) - Ex-Goldman Sachs Group Inc trader Matthew Marshall Taylor has turned himself in to federal authorities in connection with charges that he defrauded the Wall Street bank out of $118 million in 2007, two sources familiar with the matter said.
Taylor surrendered to agents with the Federal Bureau of Investigation in New York around 8:30 a.m.
Matthew marshall taylor goldman sachs biography
EDT on Wednesday morning, said the sources, who spoke on condition of anonymity.
Taylor is scheduled to appear in federal court in Lower Manhattan later on Wednesday, where he is expected to plead guilty to securities charges, the sources said.
The Commodities Futures Trading Commission filed a civil lawsuit against Taylor in November, accusing him of fabricating trades to conceal an $8.3 billion futures position.
The CFTC sought $130,000 in penalties.
Taylor's move on Wednesday is related to criminal charges that are expected to come from federal prosecutors in New York. He is expected to plead guilty to those char