A former trader at Goldman Sachs pleaded guilty Wednesday to fraud linked to a scheme to hide an unauthorised $US8 billion ($7.6 billion) futures bet he made at the US banking giant.
Matthew Marshall Taylor surrendered to the Federal Bureau of Investigation early in the day, then entered his guilty plea in Manhattan federal court. He could face a maximum penalty of 20 years in prison, but prosecutors recommended a much lighter 33 to 41 months as a result of the plea deal.
Read more: http://www.smh.com.au/business/worl...rogue-trade-20130404-2h7ww.html#ixzz2PRYtgls6
Matthew Marshall Taylor surrendered to the Federal Bureau of Investigation early in the day, then entered his guilty plea in Manhattan federal court. He could face a maximum penalty of 20 years in prison, but prosecutors recommended a much lighter 33 to 41 months as a result of the plea deal.
Read more: http://www.smh.com.au/business/worl...rogue-trade-20130404-2h7ww.html#ixzz2PRYtgls6
