Roger Ng, a former Managing Director of Goldman Sachs, was convicted today by a federal jury in the Eastern District of New York for conspiring to commit bribery, to circumvent internal accounting controls, and commit money laundering after an eight-week trial. The conviction is in connection with the multibillion-dollar scheme involving Malaysia’s state-owned investment and […]
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‘Pras’ was charged by a federal grand jury for running a back-channel campaign to get the Trump administration to drop an investigation of Jho Low and the 1MDB investment company.
Former Goldman Sachs superstar trader Tim Leissner has left a trail of destruction behind him, including bans, massive fines and criminal proceedings. Now, his former employer has had to settle another huge penalty with the US Department of Justice
The agreement involves the payment to the Government of Malaysia of $2.5 billion and a guarantee that the Government of Malaysia receives at least $1.4 billion in proceeds from assets related to 1MDB seized by governmental authorities around the world.
Federal regulators have imposed more than $200 million in penalties on corporations, just in the last two months.
Dedicated regtech companies and a stringent effort by FX brokerages to maintain compliance procedure over recent years has once again shown our industry to be right at the top. Especially when considering the blotted copybook of the banks.
APAC region saw single biggest regional increase from $6.6 million in 2019 to $5.1 billion in 2020
Leissner has agreed to a settlement of the alleged violations of the Foreign Corrupt Practices Act that includes a permanent bar from the securities industry.
Tim Leissner has been banned from re-entering the industry for life in connection with his crimes relating to 1MDB.
Goldman Sachs senior executive Tim Leissner is banned in Singapore for life from operating any securities related business, signalling the end of the road for one of the firm’s most influential figures of the last 16 years.
Tim Leissner, the senior executive who helped Goldman Sachs build its Malaysian business, has left the company under a very dark cloud which has put an end to his career as one of Wall Street’s most famous and high profile figures. Mr. Leissner was involved in the sale of US dollar bonds for a state fund […]