![]() ![]() ![]() Leissner testified at the trial that as part of his guilty plea, he had agreed to surrender a stake in Celsius he estimated was now worth about US$200 million and had previously posted 3.25 million shares in Celsius as collateral to secure his bond.ĭuring his time on the witness stand, he admitted to faking divorce documents, creating phony e-mail accounts, marrying multiple women at the same time and keeping money that was not his. A New York jury found Ng, 49, once Goldman’s top investment banker in Malaysia, guilty of helping his former boss Tim Leissner embezzle money intended for development to benefit Malaysia’s poor. Model-turned-fashion-designer Kimora Lee Simmons ’ husband, Tim Leissner, today pleaded guilty to. Febru10:22am Updated The ongoing embezzlement trial of ex-Goldman Sachs banker Roger Ng took another strange turn this week after the prosecution’s star witness, Tim Leissner. ![]() Mr Riza used at least US$60 million of his 1MDB money to produce Hollywood movie The Wolf Of Wall Street, according to prosecutors. Tim Leissner, the former chief of Goldman’s Southeast Asia operation, is a star witness in the criminal trial of Roger Ng, the bank’s former head of investment banking in Malaysia. Low remains a fugitive.įormer Malaysian prime minister Najib Razak reaped US$756 million of the US$6.5 billion raised in the bond offerings, while his stepson, Mr Riza Aziz, pocketed US$238 million, US prosecutors said. US prosecutors said evidence showed Ng collected US$35.1 million in the fraud, while Leissner received US$73.4 million. Low stole US$1.42 billion from three bond transactions that Goldman arranged for 1MDB, said a forensic accountant with the Federal Bureau of Investigation who testified at Ng’s trial. The judge said anyone who asserts a legal interest in the Celsius shares may file a petition with the court. The rise and fall of Tim Leissner, Goldman’s big man in Malaysia KUALA LUMPUR The prime minister of Malaysia. Judge Brodie said in her Friday order that the Celsius shares were being held at a JPMorgan Chase account in the name of Leissner’s former wife, Ms Kimora Lee Simmons. WhatsApp Telegram Facebook Twitter Email LinkedIn Advertisement. ![]()
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