12/7/2023 0 Comments Tim leissner russian![]() On cross-examination, Ng's attorney sought to attack Leissner's credibility by peppering him with questions about his history of lying about his marital status. The defense claimed that some of the $35 million Ng received through Leissner - money prosecutors said were illicit proceeds from the scheme - was actually the proceeds of a legitimate business transaction between the two men's wives. Ng, he added, was "particularly glad he was going to be paid some money" because he felt the firm had undercompensated him over the years. prosecutors scapegoated Ng for crimes committed by others, including the government's star witness, Tim Leissner.Īsia Goldman Sachs Faces Charges In Malaysia Over Massive Corruption Scandal Ng's defense attorneys have described the looting of 1MDB state investment fund as "perhaps the single largest heist in the history of the world." But they contend U.S. "It is deeply unfair to everyone else who plays by the rules." The defense contended Ng was a scapegoat "The harm to the people of Malaysia is immeasurable," prosecutor Alixandra Smith said during closing arguments. Prosecutors alleged that Ng and other Goldman Sachs bankers helped 1MDB raise $6.5 billion through bond sales - only to divert $4.5 billion of it to themselves and their co-conspirators through bribes and kickbacks. The 49-year-old had pleaded not guilty to three counts - conspiring to launder money and violating two anti-bribery laws. No sentencing date was set.Ī former head of investment banking in Malaysia, Ng is the only Goldman banker to stand trial in the 1MDB scandal. ![]() Attorney Breon Peace said in a statement. "With today's verdict, a powerful message has been delivered to those who commit financial crimes motivated by greed," U.S. The spoils even helped finance wild parties and Hollywood movies, including the 2013 Martin Scorsese film "The Wolf of Wall Street" that starred Leonardo DiCaprio. The embezzlement bankrolled lavish spending on jewels, art, a superyacht and luxury real estate. Ng "is doing better than his lawyers," Agnifilo said. He also said the defense team was more disappointed than his client.Īsia Former Malaysian Prime Minister Found Guilty Of Looting Sovereign Fund Jurors had heard nearly two months of evidence about tens of millions of dollars in bribes and kickbacks allegedly orchestrated by Malaysian financier and fugitive socialite Low Taek Jho, better known as Jho Low.ĭefense attorney Marc Agnifilo told reporters outside court that he was surprised by the verdict because "the evidence wasn't reliable," and that he was considering an appeal. trial of Roger Ng in federal court in Brooklyn. 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.Ī jury reached the verdict at the U.S. On Friday, Ng was convicted of bribery and other corruption charges accusing him of participating in a $4.5 billion scheme to ransack the Malaysian state investment fund. Former Goldman Sachs executive Roger Ng (center) leaves Brooklyn federal court with attorney Marc Agnifilo on May 6, 2019, in New York.
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