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Ex-Goldman Sachs banker gets 2 years in prison for plot to fleece billions from Malaysia’s 1MDB fund

  • On May 29, 2025, Timothy Leissner, a former Goldman Sachs banker, received a federal prison term of two years in New York for his involvement in the 1MDB bribery scandal.
  • The sentencing followed Leissner's 2018 guilty plea to bribery and money laundering connected to a $4.5 billion theft from Malaysia's sovereign wealth fund, 1MDB.
  • Tim Leissner, who previously led Goldman Sachs' operations in Southeast Asia, cooperated fully with prosecutors and provided testimony against his former colleague Roger Ng, who was ultimately sentenced to ten years in prison.
  • Prosecutors cited Leissner's "extraordinary" assistance and his detailed knowledge during "marathon meetings," though Goldman Sachs dismissed his cooperation as a result of his own criminal conduct.
  • Leissner expressed remorse to the Malaysian people, admitting that he was involved in stealing billions of dollars not only from private citizens but also from the entire country, and he is set to begin his prison term in September 2025.
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The billion-dollar theft at Malaysian State Fund 1MDB was one of the biggest cases of economic crime. One of the leaders goes to prison for two years.

Center

The American banker was one of the architects of the 4.5 billion subtraction to the Malaysian sovereign fund. With the 60 million reward he bought yachts, real estate and a share of the Nerazzurri club

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U.S. News broke the news in New York, United States on Thursday, May 29, 2025.
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