Ex-Goldman banker Tim Leissner sentenced to 2 years in jail in 1MDB scandal

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Former Goldman Sachs banker Tim Leissner was sentenced to 2 years in jail by a choose in a New York court docket on Thursday after he pleaded responsible in 2018 for his involvement in a multi-billion greenback scandal involving Malaysia’s sovereign fund 1MDB.

Leissner’s conduct was “brazen and audacious,” Decide Margo Brodie stated through the sentencing. Whereas his cooperation with the federal government was taken into consideration, it didn’t make up for the hurt attributable to the scandal.


Tim Leissner in court on Thursday.
Tim Leissner in court docket on Thursday. The ex-Goldman banker obtained a two-year jail sentence. AFP by way of Getty Photos

“In the beginning, I supply my honest apology to the folks of Malaysia,” Leissner, 55, informed the listening to, his voice breaking as he learn a press release. “I deeply remorse my actions.”

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