Article 69MNX Ex-Goldman banker given 10 years in prison for role in 1MDB fraud scandal

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.

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