Goldman Sachs Group, Inc. (NYSE:GS)’s EX-Trader Taylor Said to Surrender to FBI

Goldman Sachs GroupThe person familiar with the matter declared on Wednesday that The Goldman Sachs Group, Inc. (NYSE:GS)’s former trader Matthew Taylor submitted to the Federal Bureau of Investigation this morning as part of a U.S. securities fraud examination.

Later today, Taylor is to come into view in Manhattan federal court. The U.S. Commodity Futures Trading Commission of concealing an $8.3B position in 2007 that reasoned New York-based Goldman Sachs to lose $118M accused him Nov. 8 in a court case.

Morgan Stanley appointed Taylor in March 2008 following Goldman Sachs dismissed him quarter earlier. According to a Financial Industry Regulatory Authority document, Goldman quoted alleged conduct associated to inappropriately huge proprietary futures positions in a firm trading account, in a so-called U-5 form.

Morgan Stanley (MS) based on New York, which had working Taylor before he attached with Goldman Sachs in 2005, appointed him following a subprime mortgage-related trading position resulted in a $9.4B writedown in December 2007.

Stock of Goldman Sachs Group, Inc. (NYSE:GS) fell -2.08% in curret session after opening at $ 146.76.

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