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  • Goldman Sachs to face criminal charges in multibillion-dollar fraud scheme

    12/17/2018 5:02:59 AM PST · by conservative98 · 13 replies
    NY Post ^ | December 17, 2018 | AP
    KUALA LUMPUR, Malaysia — Malaysia filed criminal charges against Goldman Sachs and two former executives on Monday for their role in the alleged multibillion-dollar ransacking of state investment fund 1MDB. Attorney General Tommy Thomas said the government is seeking several billion dollars in fines from Goldman Sachs for breaches of securities laws that involved it making false and misleading statements to investors. He said his office will seek prison sentences of up to 10 years for the former Goldman executives, Roger Ng Chong Hwa and Tim Leissner, who is married to model Kimora Lee Simmons.