Archive · 30 May 2025

Ex-Goldman Sachs Banker Sentenced in 1MDB Scandal

Ex-Goldman Sachs Banker Sentenced in 1MDB Scandal

Imagine a bank helped a country raise money, but then some of that money, over $4 billion, went missing.

A banker named Tim Leissner helped with this scheme, taking the money and using it for things like fancy parties and even a movie.

He was caught and now has to go to prison for two years.

He feels bad and said he was greedy.

The missing money was supposed to help the country, but instead, it was stolen.

Another banker, Roger Ng, was also involved.

Leissner also has to pay back a lot of money he stole.

The scandal caused big problems for the Malaysian government and is still having consequences.

Sources