WEATHER ALERT
Ex-Goldman Sachs banker gets 2 years in prison for plot to fleece billions from Malaysia's 1MDB fund
Read full article: Ex-Goldman Sachs banker gets 2 years in prison for plot to fleece billions from Malaysia's 1MDB fundA former Goldman Sachs banker has been sentenced to two years in federal prison for his role in a $4.5 billion scheme to ransack a Malaysian state investment fund.
Malaysia questions Goldman Sachs lawsuit over 1MDB settlement, saying it's premature
Read full article: Malaysia questions Goldman Sachs lawsuit over 1MDB settlement, saying it's prematureThe Malaysian government has questioned a move by Goldman Sachs to file for arbitration in a dispute connected with the multibillion-dollar looting of a sovereign wealth fund.
Ex-Goldman banker testifies 1MDB scheme a 'house of cards'
Read full article: Ex-Goldman banker testifies 1MDB scheme a 'house of cards'A former top banker at Goldman Sachs has testified that he and other corrupt executives at the firm built a “house of cards” to try to conceal an audacious scheme to ransack a Malaysian state investment fund.
:strip_exif(true):strip_icc(true):no_upscale(true):quality(65)/cloudfront-us-east-1.images.arcpublishing.com/gmg/PWEPJWMMV5EJTEZL5DW74VFFCY.jpg)
Goldman Sachs subsidiary pleads to US charges in 1MDB probe
Read full article: Goldman Sachs subsidiary pleads to US charges in 1MDB probeA subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2 billion in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which was looted of billions of dollars in a corruption scandal. The company, Goldman Sachs Malaysia, entered the plea in federal court in Brooklyn. Goldman Sachs Malaysia entered the plea in federal court in Brooklyn. Goldman Sachs' board of directors decided to claw back pay and bonuses from top executives, including current CEO David Solomon and former CEO Lloyd Blankfein. Two Goldman Sachs executives have also been personally charged for fraud.