Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Roger Ng, a former managing director of Goldman Sachs, was sentenced Thursday to 10 years in prison for his role in the bribery and embezzlement scheme at Malaysian sovereign wealth fund 1MDB.… Continue Reading
The DOJ and SEC Thursday imposed $3.3 billion in financial penalties against Goldman Sachs Group Inc. and a Malaysia subsidiary to resolve FCPA charges related to Malaysian sovereign wealth fund 1Malaysia Development Berhad.… Continue Reading
A court in Malaysia convicted former Prime Minister Najib Razak Tuesday on seven counts for looting the sovereign wealth fund 1Malaysia Development Berhad, including money laundering, abuse of power, and criminal breach of trust.… Continue Reading
The day after the DOJ announced FCPA and money-laundering conspiracy charges against Jho Low and two former Goldman Sachs bankers, Goldman itself published an update about the 1MDB case and ongoing investigations.… Continue Reading
The former chairman of Goldman Sachs in Southeast Asia pleaded guilty to FCPA and money laundering conspiracies in connection with a plot to loot the Malaysian sovereign wealth fund 1MDB.
Tim Leissner, 48, was charged in a two-count criminal information (pdf) unsealed Thursday in federal court in New York.… Continue Reading
Malaysia’s former spy chief Hasanah Abdul Hamid after her arrest WednesdayEight former agents from Malaysia’s foreign intelligence agency were arrested this week for allegedly stealing $12 million in government funds.… Continue Reading
Malaysia’s former prime minister Najib Razak was charged Wednesday with three counts of money laundering tied to the looting of billions of dollars from a government sovereign wealth fund.
Police in Malaysia said Najib stole about $10 million from a unit of 1MDB called SRC International.… Continue Reading
Malaysian police with boxes siezed from Najib’s condo (image via YouTube)Police in Kuala Lumpur are releasing more details about what they’ve seized from houses and condos belonging to Najib Razak, the former prime minister voted out of office this month amid a growing corruption investigation.… Continue Reading
The Justice Department filed civil forfeiture complaints Thursday against $540 million in assets allegedly bought with money looted from a Malaysian sovereign wealth fund.
The DOJ has now filed forfeiture actions against nearly $1.7 billion in assets linked to 1Maylasia Development Berhad.… Continue Reading
Singapore’s central bank Tuesday fined Credit Suisse and United Overseas Bank for breaching anti-money laundering rules in connection with Malaysian sovereign wealth fund 1Malaysia Development Berhad.
The Monetary Authority of Singapore (MAS) said in a statement it fined Credit Suisse about $505,000 and UOB about $650,000.… Continue Reading
Singapore authorities are banning the former director of Goldman Sachs in Singapore for ten years for his role in the 1MDB scandal.
The Monetary Authority of Singapore said Friday it served notice of its intention to issue “a Prohibition Order” against Tim Leissner.… Continue Reading
Prosecutors in the Singapore trial of a former BSI banker said this week the defendant and other former employees of the Swiss bank helped launder up to $2.3 billion looted from the Malaysia sovereign wealth fund 1MDB.… Continue Reading
