Published 1 year ago

Former Goldman banker must forfeit $35.1 million in 1MDB corruption case

Summary by Ground News

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.

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The Star Kuala Lumpur

Ex-Goldman banker Roger Ng must forfeit RM155.3mil in 1MDB corruption case, says US judge

NEW YORK: A U.S. judge on Friday ordered former Goldman Sachs Group Inc banker Roger Ng to forfeit US$35.1mil (RM155.3mil), after sentencing him to 10 years in prison for helping loot billions of dollars from Malaysia's 1MDB sovereign wealth fund.

1 year ago·Malaysia

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Financial Post

Former Goldman banker must forfeit $35.1 mln in 1MDB corruption case

NEW YORK -- A U.S. judge on Friday ordered former Goldman Sachs Group Inc banker Roger Ng to forfeit $35.1 million, after sentencing him to 10 years in prison for helping loot billions of dollars from Malaysia's 1MDB sovereign wealth fund.

1 year ago·Canada

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Bloomberg

Ex-Goldman Banker Ng Must Forfeit $35.1 Million Over 1MDB

Former Goldman Sachs Group Inc. banker Roger Ng, who was sentenced to 10 years in prison for his role in the global 1MDB fraud, was ordered to forfeit $35.1 million by a judge who rejected his claims that Malaysia already took all of his money.

1 year ago·United States

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Rappler

Former Goldman banker must forfeit $35.1 million in 1MDB corruption case

US District Judge Margo Brodie notes that Roger Ng 'played a role in one of the largest financial crimes of all time'

1 year ago·Philippines

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WTVB

Former Goldman banker must forfeit $35.1 million in 1MDB corruption case

By Jonathan Stempel and Luc Cohen NEW YORK (Reuters) - A U.S. judge on Friday ordered former Goldman Sachs Group Inc banker Roger Ng to forfeit $35.1 million, after sentencing him to 10 years in prison for helping loot billions of dollars from Malaysia's 1MDB sovereign wealth fund. U.S. 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 allege…

1 year ago

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