Roger Ng, the only Goldman Sachs banker to go to trial over the global 1MDB scandal, was found guilty for his role in the epic looting of the Malaysian fund.
Ng, 49, was convicted of all three counts in the case, including conspiring to violate US anti-bribery laws and conspiring to launder money. He faces as many as 30 years in prison.
The verdict came after an eight-week federal trial in Brooklyn, New York, that featured startling confessions from Tim Leissner, Ng’s boss at the time. Leissner, who pleaded guilty, was the key witness against the former Goldman Sachs Group Inc. banker. On the stand, he admitted to telling a raft of personal and professional lies in the multibillion-dollar plunder of 1Malaysia Development Bhd., for which Goldman arranged a trio of bond deals.