Former Goldman banker must forfeit $35.1 million in 1MDB corruption case
US District Judge Margo Brodie in Brooklyn rejected Ng's argument that he owned no more money after forfeiting to Malaysia tens of millions of dollars of alleged proceeds from his crimes. Brodie, however, said the $35.1-million forfeiture was not constitutionally excessive. She also said that even if Ng were less culpable than others, he played a role in one of the largest financial crimes of all time.
Published 3 months ago
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