US EditionEx-Goldman Sachs banker gets 2 years in prison for plot to fleece billions from Malaysia’s 1MDB fund
- On May 29, 2025, Timothy Leissner, a former Goldman Sachs banker, received a federal prison term of two years in New York for his involvement in the 1MDB bribery scandal.
- The sentencing followed Leissner's 2018 guilty plea to bribery and money laundering connected to a $4.5 billion theft from Malaysia's sovereign wealth fund, 1MDB.
- Tim Leissner, who previously led Goldman Sachs' operations in Southeast Asia, cooperated fully with prosecutors and provided testimony against his former colleague Roger Ng, who was ultimately sentenced to ten years in prison.
- Prosecutors cited Leissner's "extraordinary" assistance and his detailed knowledge during "marathon meetings," though Goldman Sachs dismissed his cooperation as a result of his own criminal conduct.
- Leissner expressed remorse to the Malaysian people, admitting that he was involved in stealing billions of dollars not only from private citizens but also from the entire country, and he is set to begin his prison term in September 2025.
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115 Articles
Malaysia Wants Ex-Goldman Banker Leissner Extradited
By: Toh Han ShihA raft of troubles continues to pursue former high-flying Goldman Sachs banker Tim Leissner, with the Malaysian government seeking to extradite him even as Swiss whistleblower Xavier Justo continues to seek US$18 million restitution for tribulations he faced after exposing a million emails detailing improprieties in the multibillion-doll…
The Former Goldman Sachs Leissner Sentenced to Two Years for the 1MDB Scandal.
The American banker was one of the architects of the 4.5 billion subtraction to the Malaysian sovereign fund. With the 60 million reward he bought yachts, real estate and a share of the Nerazzurri club
Ex-Goldman Sachs banker sentenced to 2 years for role in $4.5 billion scheme to ransack Malaysian 1MDB state investment fund
A former Goldman Sachs banker was sentenced Thursday to two years in federal prison for his role in a $4.5 billion scheme to ransack a Malaysian state investment fund. Tim Leissner, at his sentencing in Brooklyn federal court, apologized to the people of Malaysia, who he called the “real victims” of the scheme. “The funds raised more than a decade ago could have profoundly benefited the nation and its citizens,” he said in a statement read in co…
Ex-Goldman Sachs banker apologises to Malaysians over role in 1MDB scandal
NEW YORK: Former Goldman Sachs banker Tim Leissner was sentenced to two years in prison by a judge in a New York court on Thursday after playing a key role in a multi-billion dollar scandal involving Malaysia’s sovereign fund 1Malaysia Development Bhd (1MDB).
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