Benjamin Taylor Pleads Guilty in Manhattan Insider Trading Ring Involving 15 Tips
Updated
Updated · Bloomberg · Jul 4
Benjamin Taylor Pleads Guilty in Manhattan Insider Trading Ring Involving 15 Tips
1 articles · Updated · Bloomberg · Jul 4
Summary
Benjamin Taylor, 42, pleaded guilty in Manhattan to passing insider-trading tips after returning to the US from the south of France, where he had remained beyond US law enforcement’s reach for much of the past decade.
The former Moelis banker, now a commodities trader, admitted involvement in a global ring that prosecutors said included at least 10 other people.
Court filings had accused Taylor and his then-girlfriend of passing about 15 tips on companies between 2012 and early 2018; the charge he returned to face carried a potential sentence of up to five years.
The plea lands as insider-trading cases increasingly end with limited prison time, underscoring a broader shift in how such DOJ prosecutions are concluding.