Ex-Goldman Sachs banker is sentenced to 10 years for 1MDB scheme
1 year, 9 months ago

Ex-Goldman Sachs banker is sentenced to 10 years for 1MDB scheme

Daily Mail  

A former Goldman Sachs banker was sentenced Thursday to 10 years in prison for his role in looting a Malaysian development fund of billions of dollars used to finance lavish parties, a superyacht, premium real estate and even the 2013 film 'The Wolf of Wall Street.' Roger Ng, center, a former Goldman Sachs banker, leaves federal court with his lawyers Zach Intrater, left, and Teny Geragos, right, after being sentenced to 10 years in prison for his role in looting a Malaysian development fund The judge admonished Ng: 'The only explanation for your conduct is greed.' One of them, Tim Leissner, Ng's former boss at Goldman Sachs, pleaded guilty in 2018 to bribing government officials in Malaysia and Abu Dhabi. Ng, who oversaw investment banking in Malaysia for his firm, was the only Goldman Sachs banker to stand trial.

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History of this topic

Malaysia questions Goldman Sachs lawsuit over 1MDB settlement, saying it's premature
1 year, 2 months ago

Malaysia questions Goldman Sachs lawsuit over 1MDB settlement, saying it's premature

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Under a 2020 deal, Goldman Sachs paid Malaysia $2.5 …

Ex-Goldman banker Ng sentenced to 10 years over 1MDB scandal
1 year, 9 months ago

Ex-Goldman banker Ng sentenced to 10 years over 1MDB scandal

Al Jazeera  

Ng was last year found guilty of helping his former boss Tim Leissner embezzle money from the sovereign wealth fund. Former Goldman Sachs banker Roger Ng has been sentenced to 10 years in prison after he was convicted of helping loot billions of dollars from Malaysia’s 1MDB sovereign wealth fund. A jury in Brooklyn federal court last April found Ng, …

Ex-Goldman banker gets 10-year sentence in 1MDB looting plot
1 year, 9 months ago

Ex-Goldman banker gets 10-year sentence in 1MDB looting plot

Associated Press  

NEW YORK — A former Goldman Sachs banker was sentenced Thursday to 10 years in prison for his role in looting a Malaysian sovereign wealth fund of billions of dollars used to finance lavish parties, a superyacht, premium real estate and even the 2013 film “The Wolf of Wall Street.” Roger Ng was convicted last April by a U.S. District …

Former Goldman Sachs banker convicted of bribery, money laundering and conspiracy charges in 1MDB case
2 years, 8 months ago

Former Goldman Sachs banker convicted of bribery, money laundering and conspiracy charges in 1MDB case

ABC  

Former Goldman Sachs banker Roger Ng has been convicted by a US jury of corruption charges related to his role in helping embezzle hundreds of millions of dollars from Malaysia's 1MDB development fund. Key points: Prosectutors said Ng helped his former boss embezzle money from the fund, launder the proceeds and bribe officials to win business for Goldman Ng is …

Ex-Goldman Sachs banker convicted in plot to loot 1MDB fund
2 years, 8 months ago

Ex-Goldman Sachs banker convicted in plot to loot 1MDB fund

Associated Press  

NEW YORK — A former Goldman Sachs banker was convicted Friday of bribery and other corruption charges accusing him of participating in a $4.5 billion scheme to ransack the Malaysian state investment fund known as 1MDB. “It is deeply unfair to everyone else who plays by the rules.” Ng’s defense attorneys have described the looting of 1MDB state investment fund …

Ex-Goldman Sachs banker Roger Ng is convicted in plot to loot $4.5 billion from 1MDB fund
2 years, 8 months ago

Ex-Goldman Sachs banker Roger Ng is convicted in plot to loot $4.5 billion from 1MDB fund

Daily Mail  

A former Goldman Sachs banker was convicted on Friday on bribery and other corruption charges accusing him of participating in a $4.5 billion scheme to ransack the Malaysian state investment fund known as 1MDB. Former Goldman Sachs banker Roger Ng was found guilty of bribery and other corruption charges over a scheme to loot $4.5 billion form the 1MDB fund …

Guilty: Roger Ng faces up to 30 years in prison for role in 1MDB
2 years, 8 months ago

Guilty: Roger Ng faces up to 30 years in prison for role in 1MDB

Al Jazeera  

Roger Ng, the only Goldman Sachs banker to go to trial over the global 1MDB scandal, was found guilty for his role in the epic looting of the Malaysian fund. Biggest Catch Leissner, once Goldman’s Southeast Asia chairman, was the highest-ranking Goldman banker to plead guilty to the scheme to steal from 1MDB in return for more than $60 million …

Ex-Goldman Sachs banker convicted in plot to loot 1MDB fund
2 years, 8 months ago

Ex-Goldman Sachs banker convicted in plot to loot 1MDB fund

LA Times  

Former Goldman Sachs executive Roger Ng, left, with attorney Marc Agnifilo in May 2019. A former Goldman Sachs banker was convicted Friday of bribery and other corruption charges accusing him of participating in a $4.5-billion scheme to ransack the Malaysian state investment fund known as 1MDB. “It is deeply unfair to everyone else who plays by the rules.” Ng’s defense …

Corruption trial opens for ex-Goldman banker in 1MDB scandal
2 years, 10 months ago

Corruption trial opens for ex-Goldman banker in 1MDB scandal

Associated Press  

NEW YORK — Federal prosecutors told a jury Monday that a former Goldman Sachs executive pocketed $35 million in “secret kickbacks” in the multibillion-dollar ransacking of a Malaysian state investment fund, accusing the banker of playing a “crucial” role in the massive money laundering and bribery scheme. “He saw an opportunity to make millions of dollars by cheating,” Wible said, …

Goldman Sachs subsidiary pleads to US charges in 1MDB probe
4 years, 2 months ago

Goldman Sachs subsidiary pleads to US charges in 1MDB probe

Associated Press  

WASHINGTON — A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2.9 billion in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which was looted of billions of dollars in a corruption scandal. Malaysian and U.S. prosecutors had alleged that bond sales organized by Goldman Sachs provided one of the …

US will fine Goldman Sachs $2.8 BILLION in 1MDB corruption scandal
4 years, 2 months ago

US will fine Goldman Sachs $2.8 BILLION in 1MDB corruption scandal

Daily Mail  

Goldman Sachs has reportedly reached an agreement with the U.S. Department of Justice to pay $2.8 billion in fines for the bank's role in Malaysia's 1MDB scandal. In total, Goldman Sachs will have to pay out more than $5 billion in fines in the scandal, in which former Malaysian Prime Minister Najib Razak and his cronies looted billions from 1Malaysia …

Malaysia Drops Criminal Charges Against Goldman Sachs Over 1MDB Bond Sales: Report
4 years, 3 months ago

Malaysia Drops Criminal Charges Against Goldman Sachs Over 1MDB Bond Sales: Report

News 18  

KUALA LUMPUR: Malaysian prosecutors on Friday withdrew criminal charges against three Goldman Sachs units accused of misleading investors over $6.5 billion in bond sales they helped organise for a state fund, the Bernama state news agency reported. The move comes after Goldman Sachs agreed to pay $3.9 billion to Malaysia to settle a probe into its alleged role in the …

Malaysia drops criminal charges against Goldman in 1MDB probe
4 years, 3 months ago

Malaysia drops criminal charges against Goldman in 1MDB probe

Al Jazeera  

US bank had agreed to pay Malaysia $3.9bn to settle probe into its alleged role in scandal involving state fund 1MDB. Malaysian prosecutors have withdrawn criminal charges against three Goldman Sachs units accused of misleading investors over $6.5bn in bond sales they helped organise for a state fund, the Bernama state news agency has reported. Friday’s move comes after the …

Goldman Sachs to pay Malaysia $3.9bn over 1MDB scam
4 years, 5 months ago

Goldman Sachs to pay Malaysia $3.9bn over 1MDB scam

Daily Mail  

Malaysia has reached a $3.9 billion settlement with Goldman Sachs over the Wall Street titan's role in the 1MDB scandal in exchange for the country ending all criminal proceedings against the bank. Billions of dollars were looted from sovereign wealth fund 1Malaysia Development Berhad in a fraud that allegedly involved former prime minister Najib Razak and his associates. Malaysia has …

Goldman Sachs in $3.9bn settlement with Malaysia over 1MDB
4 years, 5 months ago

Goldman Sachs in $3.9bn settlement with Malaysia over 1MDB

Al Jazeera  

Settlement comes days before verdict in former Prime Minister Najib Razak’s first trial linked to the major scandal. Malaysia has reached a $3.9bn settlement with Goldman Sachs over losses suffered from a multibillion-dollar scandal at the country’s 1MDB investment fund. Billions of dollars were looted from 1Malaysia Development Berhad or 1MDB, a now-defunct investment fund ostensibly set up to accelerate …

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