A former Goldman Sachs Group Inc. (GS) commodities trader was accused by U.S. regulators of concealing an $8.3 billion position and causing the firm to lose $118 million.
Matthew Marshall Taylor in 2007 fabricated trades and obstructed the firm’s discovery of his position, risk and profits and losses, the U.S. Commodity Futures Trading Commission said in a complaint filed yesterday in federal court in New York.
