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Tim leissner bail12/2/2023 Goldman in 2020 paid a nearly $3 billion fine and its Malaysian unit agreed to plead guilty.Īgnifilo has said Ng introduced Leissner to Malaysian financier Jho Low, the scheme’s suspected mastermind. Ng is the first, and likely only, person to face trial in the United States over the scheme. Prosecutors have said Goldman helped 1MDB raise $6.5 billion through three bond sales, but that $4.5 billion was diverted to government officials, bankers and their associates through bribes and kickbacks. The nearly two-month trial stemmed from one of the biggest financial scandals in history. “He never stopped lying ever, and he didn’t stop lying in this courtroom,” Agnifilo said, referring to Leissner. Kimora Lee Simmons denies claim she helped hubby hide millions in embezzlement scheme Getty Images for The Weinstein CompanyĪgnifilo instead blamed Leissner, 52, who pleaded guilty to similar charges as Ng, and who the defense believes cooperated with prosecutors in the hope of getting a lighter sentence. Russell Simmons, Shannon Elizabeth, Kimora Lee Simmons, and Tim Leissner in 2014. Ng’s lawyer Marc Agnifilo said during his closing argument that there was “no evidence” his client was guilty. “It is deeply unfair to everyone else who plays by the rules.” “The harm to the people of Malaysia is immeasurable,” she told. Prosecutors said he helped Leissner embezzle hundreds of millions of dollars, launder the proceeds and bribe officials to win business for Goldman.Īssistant US Attorney Alixandra Smith said Ng received more than $35 million in kickbacks from the “brazen” bribery and money laundering scheme, and must be held accountable. Ng, 49, has pleaded not guilty to conspiring to launder money and violating an anti-corruption law. Goldman Sachs CEO David Solomon warns of persistent inflationĪ former Goldman Sachs banker should be convicted of helping loot billions of dollars from Malaysia’s 1MDB sovereign wealth fund and causing “immeasurable” harm, a US prosecutor told jurors in her closing argument on Monday.īut a lawyer for the defendant Roger Ng, Goldman’s former top investment banker for Malaysia, countered that Ng had been falsely implicated in the looting by his former boss Tim Leissner, the government’s star witness. Goldman Sachs fires executives for violating communications policy: sources Goldman Sachs shakeup in prized division could signal bloodbath: sources Goldman Sachs in talks to sell home improvement lender to investment group at steep loss: report
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