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Ex-Goldman Trader Accused of $118 Million Loss Denies Fraud

Reuters – A lawyer for a former Goldman Sachs Group Inc. trader denied on Friday [Nov. 9] U.S. civil accusations that his client had defrauded the Wall Street bank of $118 million.

The trader, Matthew Marshall Taylor, was sued on Thursday [Nov. 8] in U.S. District Court in Manhattan by the Commodity Futures Trading Commission, which said he had manually entered fake trades in November and December 2007, in an attempt to conceal an $8.3 billion position in futures contracts.

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