Tag: Low Jho (1981- )

Goldman Sachs Is in Talks to Settle Malaysia Fund Scandal

Goldman Sachs is negotiating with federal prosecutors to pay a fine of as much as $2 billion, and have a subsidiary plead guilty, to settle claims about its role in a scheme to loot billions from a sovereign wealth fund in Malaysia, a person with knowledge of the matter said. The case stems from a […]

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Ex-Goldman Sachs Partner Barred by S.E.C. Over 1MDB Scandal

Securities regulators have barred a former partner at Goldman Sachs from working in the industry more than a year after he pleaded guilty to helping orchestrate the looting of billions of dollars from a sovereign wealth fund in Malaysia. The banker, Tim Leissner, did not contest the penalty in reaching a civil settlement announced Monday […]

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Jho Low Is Said to Give Up $900 Million in Assets in 1MDB Scandal

The mysterious Malaysian financier at the center of an international money laundering scandal that toppled a prime minister and rocked Goldman Sachs is poised to give up his claim to hundreds of millions of dollars in luxury apartments, yachts, jets and artwork that prosecutors say were bought with stolen money. In a tentative deal with […]

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How a Trump Ally Tested the Boundaries of Washington’s Influence Game

WASHINGTON — Elliott Broidy had the kind of past that might have given a more traditional White House reason to keep him at a distance: A wealthy businessman, he had pleaded guilty in 2009 to giving nearly $1 million in illegal gifts to New York State officials to help land a $250 million investment from […]

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Malaysia Charges Goldman Sachs Executives in 1MDB Scandal

Malaysia filed criminal charges on Friday against a top executive at Goldman Sachs, a former executive who now works for Alibaba of China and others, as it intensifies pressure on the Wall Street bank in a scandal involving the misuse of billions of dollars in government funds. The charges escalate the legal challenges for Goldman, […]

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Investigation Intensifies Into Top Trump Fund-raiser

WASHINGTON — Federal prosecutors have intensified their wide-ranging federal investigation into Elliott Broidy, a top fund-raiser for President Trump, signaling the Justice Department’s continued interest in questions about foreign influence on the administration. In recent months, federal authorities have searched Mr. Broidy’s Southern California office and subpoenaed records related to him from a onetime business […]

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