Ex-Goldman banker given 10 years in prison for role in 1MDB fraud scandal
by Edward Helmore in New York from World news | The Guardian on (#69MNX)
Roger Ng, 50, found guilty by Brooklyn jury in massive embezzlement linked to Malaysian state investment fund
Roger Ng, the former Goldman Sachs banker at the center of the multi-billion 1MDB embezzlement scandal, was sentenced to 10 years in prison on Thursday, placing a capstone on one of the largest and most bizarre financial frauds of the past decade.
A jury in Brooklyn, New York, found Ng, 50, from Malaysia, guilty of violating US anti-bribery laws, money laundering and illegally skirting Goldman's accounting controls, after a seven-week trial.
Continue reading...