Ex-Goldman Sachs banker gets 10 year sentence in 1MDB fraud

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BREAKING: A former Goldman Sachs banker was sentenced to 10 years in prison for his role in looting a Malaysian development fund to pay for billions of dollars in bribes and kickbacks.

by a U.S. District Court jury in Brooklyn, but he continues to deny charges that he conspired to launder money and violated two anti-bribery laws.

Prosecutors said Ng and his co-conspirators helped the Malaysian fund, known as 1MDB, raise $6.5 billion through bond sales — only to siphon more than two-thirds of it for bribes and to enrich themselves. Ng had hoped that he would avoid prison time and be allowed to return to Malaysia, where he faces a separate prosecution. His lawyers had argued that incarceration would worsen his “serious mental health condition.”Ng was extradited to the United States in 2019 after spending six months in custody in Malaysia. He has been under house arrest for the past four years.His lawyers acknowledged the looting was “perhaps the single largest heist in the history of the world.

 

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This is fakenews. Dont say that um Brazil or supremecan get you

Did he do it with Bitcoin? But I thought thats what it was for.... BTC $BTC

40 years please

Not long enough

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