Legal
Ex-Goldman Banker Leissner Gets Two Years in 1MDB Fraud Case
Tim Leissner was at the center of what US prosecutors described as one of the largest financial frauds in history in which billions of dollars were siphoned from the Malaysian investment fund, 1MDB.
Photographer: Yuki Iwamura/BloombergFormer Goldman Sachs Group Inc. banker Tim Leissner, who pleaded guilty to helping loot the Malaysian investment fund 1MDB, was sentenced to two years in prison over his role in the massive fraud.
US District Judge Margo Brodie in Brooklyn, New York, imposed the sentence at a hearing Thursday, calling his conduct “brazen and audacious.” Leissner had asked not to go to prison, arguing that his cooperation with prosecutors had resulted in the conviction of a former colleague and billions of dollars in global fines against Goldman.