Two years ago Kimora Lee Simmons' third husband, Goldman Sachs banker Tim Leissner, was linked to a massive bond scandal that sank the Malaysian economy [click here if you missed that].
This week Tim pleaded guilty to corruption charges...
From Page Six
Fugitive Malaysian financier Jho Low and two former Goldman Sachs bankers were indicted in Brooklyn federal court for a money laundering scheme that involved bribing public officials, authorities announced Thursday.
Low, the alleged mastermind of the fraud, and ex-Goldman banker Roger Ng were charged with conspiring to launder billions of dollars in stolen funds, and conspiring to violate the Foreign Corrupt Practices Act by allegedly bribing officials in Malaysia and Abu Dhabi.
It was also announced Thursday that Tim Leissner, a former Goldman partner in Asia, has pleaded guilty to violating the Foreign Corrupt Practices Act, prosecutors said. As part of the deal, Leissner will forfeit $43.7 million.
Low, Ng, Leissner and others also conspired to bribe government officials in Malaysia, including at 1MDB — a state-owned and -controlled fund intended to fund economic development projects in the country — and Abu Dhabi to keep lucrative deals to themselves, federal prosecutors said.
