Goldman trader turns self in

Investor's Business Daily

Matthew Taylor, an ex-Goldman Sachs (GS) trader accused of defrauding the bank of $118 mil in '07, turned himself in to FBI authorities in New York, Reuters said, citing 2 sources. Taylor was slated to appear in federal court in Manhattan on Wed., where he was expected to plead guilty. The federal civil suit filed in Nov. accuses him of fabricating trades to conceal an $8.3 bil futures position. Federal prosecutors plan to also file criminal charges, the report said. Goldman Sachs shares fell 2.2% to 143.41.

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