The former Goldman Sachs Banker was sentenced to 1MDB

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Tim Lesnar, a former banker in Goldman Sachs at the heart of the 1MDB scandal with millions of dollars, was sentenced to two years in prison, and one of the most notorious prosecutions in the history of Wall Street.

Lesnar, who faced up to 25 years in prison, told Judge Margo Brody of the Brooklyn Federal Court that he stood before her “in shame”, admitting that what he did was “very wrong.”

He wore the previous donors, wearing a dark suit, “for the people of Malaysia, who are the real victims,” ​​adding that “I can go back I will do.” Lesnar said that “he lost everything largely,” including his career, freedom, family and financial independence. One of Lesnar’s daughters and his parents was in the courtroom.

“I lost my will to live,” Lesnar said. “I tried to eat as many pills as possible to finish them at the time …

Judge Broody said that some of Lesnar’s colleagues “were aware of what you were doing simply in the other direction because everyone was rich.” The 1MDB case was described as “rude corruption at the highest level of government in multiple countries.”

Leissner’s penalty is a milestone in the United States’ law investigation 1MDB Affair, Goldman bankers have helped Malaysian officials offend to a difference of about $ 4.5 billion from the sovereign wealth fund, according to public prosecutors. Lesnar acknowledged that he was guilty early in the investigation and agreed to cooperate with the prosecutors, and witnessed the trial of one of his former colleagues, Roger Ng.

It has proven to be more important in securing Lesnar more lenient, despite its vital role in the embezzlement scheme.

Goldman He confessed to paying more than a billion dollars in bribes to obtain subscription work and pay nearly 3 billion dollars in criminal fines according to a decision with the US Department of Justice, in an epic that spanned Malaysia, the Middle East, Switzerland and the United States, which wandered the financiers and politicians alike. The case also led to the prosecutor of the Prime Minister in Malaysia at the time, Naguib Ridak, who was convicted and finally sentenced to six years in prison.

It was a nanger He was sentenced to 10 years in prison In 2023, after the New York jury condemned him for bribery and money laundering. Your satisfaction, who helped find 1MDB, fights the prison sentence in Kuala Lumpur. Another central figure, JHO Lu Lu, accused the American authorities. He remains in general and maintains his innocence.

Lesnar is scheduled to start at the time of his imprisonment on September 15. The judge did not impose a fine. His lawyer, Henry Mazurk, said that Lesnar has been on bail over the past seven years, with restrictions on his ability to travel, and he was wearing an ankle screen for some time.

He said that his client had a “massive transformation” in an attempt to “restore the spirit he lost.”

Mazurik, whose client asked to avoid time to prison, added.

The Ministry of Justice does not recommend the ruling. Prosecutor Druo Roll described the scandal as “the largest financial crime in world history”, but said that Lesnar’s cooperation was decisive in investigating and charges against NG and LOW.

Lesnar previously witnessed how Goldman’s ranking of three 1MDB bond deals in 2012 and 2013, which raised about 6.5 billion dollars before helping a previous bank in Siphon more than $ 2.7 billion from the Malaysian Fund.

He told the court that he had spent his share of the stolen 1mdb revenues, about $ 60 million, on a 170 -foot -old yacht and real estate in New York and London, as well as investments in the Italian football team Inter Milan.

Bank General Adviser Catherine Rommer wrote to the judge this month to say “Lie a widespread lie to many people” in the Wall Street Group, and “No one paid a penny” from the $ 20.7 million arbitration award, a court in 2023 said he condemned Goldman.

Roll said in the court that the bank’s speech was “really extraordinary” and came from “an institution that continues to resist responsibility for its central role” in the scandal. “It is somewhat similar to a smuggler driver who appears to judge one of the cooperation,” he said.



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