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

A 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.