![]() ![]() Jho Low, a Malaysian financier and suspected mastermind of the scheme, was indicted alongside Ng in 2018 but remains at large. Alixandra Smith, a prosecutor, said in her summation that Leissner's testimony was backed up by other evidence. Ex-Goldman banker Tim Leissner's 1MDB sentencing delayed until 2023 The. She said she invested $6 million in the mid-2000s in a Chinese company owned by the family of Leissner's then-wife, Judy Chan, and that the $35 million was her return on that investment.Īgnifilo said in his closing argument on Monday that Leissner could not be trusted. He has been free on US20 million bail since his arrest by US authorities in June 2018. Ng's wife, Hwee Bin Lim, later testified for the defense that the business venture was, in fact, legitimate. In March 2021, Russell sued Kimora and her husband, Tim Leissner, claiming they attempted to fraudulently transfer his nearly four million Celsius shares to their accounts to help pay for Leissner. Leissner said the men agreed to tell banks a "cover story" that the money was from a legitimate business venture between their wives. Jurors heard nine days of testimony from Leissner, who said he sent Ng $35 million in kickbacks. In his claim, Simmons says Kimora and Leissner knew full well that Leissner would need tens of millions of dollars to avoid jail time, stay out on bail, and forfeit monies for victim. Goldman in 2020 paid a nearly $3 billion fine and its Malaysian unit agreed to plead guilty. Claims of abuse clouded Russell Simmons’ Father’s Day weekend as his daughter and ex-wife, Kimora Lee Simmons, took to social media to accuse him of emotional and verbal abuse, years. Ng is the first, and likely only, person to face trial in the United States over the scheme. Tim Leissner, former chairman of Southeast Asia for Goldman Sachs Group Inc., center, departs from federal court in the Brooklyn borough of New York, U.S., on Tuesday, Feb. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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