Former Goldman Sachs banker sentenced to two years in prison for 1MDB role

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Former Goldman Shaat Banker Tim Lesner, the focal point of a 1 billion dollar 1 MDB scandal, has been sentenced to two years in jail in a coda of the most infamous Wall Street in history.

Lesner, who faced a 25 -year -old imprisonment, told a Federal judge in New York that he stood in front of his “shame”, he acknowledged that what he had done was “very wrong”. He became emotional when one of his daughters was recently taken to an emergency spine surgery after a car accident. There was a “unbearable torture” without being on his side, he said as he reached the tissues.

Lesner’s sentence has identified US law enforcement as a milestone in investigating about 1 MDB, in it Goldman Prosecutors said that bankers helped Malaysian officials corrupt Malaysian officials to abuse about $ 4.5 billion from its sovereign wealth fund. Lesnar was found guilty early in the investigation and agreed to cooperate with the prosecutors, testifying his former colleague Roger NG.

Goldman acknowledged to pay more than $ 1 billion in bribe to get underwriting work and paid about $ 3 billion criminal fine under a resolution with the US judiciary, spreading high-fan financers and politicians in Malaysia, Middle East, Switzerland and the United States. The case was then filed against Malaysian Prime Minister, Najib Razak, who was convicted and was eventually sentenced to six years in prison.

Was ng Penalty After a jury in New York in 2023, he seemed guilty of bribery and money smuggling. 1 MDB, Razak is fighting for prison in Kuala Lumpur.

Lesner testified how he managed Goldman’s three 1 MDB bond agreement in 202 and 28, which collected about $ 2.5 billion before $ 2.7bn aid from the former Banker Malaysian fund.

He told the court that he had spent the 170 -foot yacht in New York and London and the real estate of the Italian football team to invest in Inter -Milan in Inter -Milan.

The bank’s General Council Catherine Rueemla wrote to the judge this month that Lesnar was widely lied to the Wall Street Group and cheated on many people “and” not yet paid a penny “a court of 20.7 million dollar arbitration award in 2021 that he was Ow’s OW.