Tim Leissner allegedly orchestrated Goldman Sachs Malaysia 1MDB theft

February 21, 2022

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Leissner was suspended from the firm. Once arrested, in June 2018, Leissner pleaded guilty to the alleged $4.5 billion heists against the sovereign fund. In the plea deal, he had to forfeit $43.7 million of his ill-g

otten gains. And he agreed to testify against Ng and Low.

According to prosecutors, Ng and Leissner allegedly enabled Low to embezzle funds from 1MDB. The scheme required millions in bribes. And in exchange, they received millions in kickbacks.

High-flying lifestyle crashes

Bradley Hope co-authored “Billion Dollar Whale: The Man Who Fooled Walled Street, Hollywood and the World” describes the high-level heist. And Jho Low’s high-flying lifestyle.

This is a story of the excesses of a global elite. The 1MDB wealth fund became the vehicle for the biggest criminal enterprise on the planet. And Jho Low, a young Chinese-Malaysian managed to get control of billions of dollars.

The playboy entrepreneur paid celebrities like Megan Fox and Leonardo DiCaprio to attend his parties. He flew them in on a private jet.