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Ex-Moelis Banker to Plead Guilty in Global Insider Trading Case

Bob Van Voris
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A former Moelis & Co. investment banker will return to the U.S. from France to plead guilty in a high-profile insider trading case, marking a key development in a long-running investigation. Benjamin Taylor faces charges from a 2019 indictment for allegedly leaking confidential deal information to a global insider-trading ring operating across seven countries, including the U.S., UK, and Hong Kong. The case is part of a broader crackdown on cross-border financial crimes, with Taylor’s plea following convictions of other participants, including a former Goldman Sachs banker. Authorities allege the ring exploited insider tips to trade illegally, generating millions in illicit profits before the scheme was dismantled by international law enforcement cooperation. Taylor’s guilty plea could provide prosecutors with further evidence to target remaining suspects in the sprawling network, which spanned multiple financial hubs.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000A former Moelis & Co. investment banker plans to return to the US from France to plead guilty to tipping off members of a global insider-trading ring.Benjamin Taylor was charged in an indictment unsealed in 2019 that alleged he passed tips on deals to a ring that operated in the US, UK, France, Switzerland, Greece, Israel and Hong Kong. Several other people, including an ex-Goldman Sachs Group Inc. banker, were convicted in the case.

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