Tim Leissner, a former Goldman Sachs banker, was sentenced to two years in federal prison by a New York court for his involvement in the 1Malaysia Development Berhad (1MDB) corruption scandal. The scandal involved the misappropriation of approximately $4.5 billion from Malaysia's sovereign wealth fund, with funds diverted through tax havens and shell companies. The stolen money was originally intended to support Malaysia's economic development but was instead used for various illicit purposes, including investments in assets such as the Italian football club Inter Milan and financing Hollywood productions. Malaysian Minister Johari Abdul Ghani criticized the two-year sentence as too lenient. The 1MDB scandal has had wide-reaching implications across multiple countries and industries, highlighting ongoing challenges in addressing global financial corruption.
A former Goldman Sachs banker was sentenced yesterday to two years in federal prison for his role in Malaysia’s giant 1MDB corruption scandal. https://t.co/YcTdEKBDsu
1MDB is an incomprehensible scandal and GS, Lloyd and DSol skating is both shocking and completely unsurprising: Former Goldman Sachs banker sentenced to two years in prison for 1MDB role https://t.co/q83nLWOzdD https://t.co/POddFSnOvH
Ex-banqueiro do Goldman Sachs é condenado por fraude bilionária que bancou até filme de Scorsese https://t.co/fhYT7D6vIi