Tim leissner latest news
Tim Leissner is a Malaysian-born German-American businessman and former Goldman Sachs executive who was involved in the 1Malaysia Development Berhad (1MDB) scandal. Here are some of the latest news and updates about Tim Leissner:
- Guilty Plea: In February 2020, Leissner pleaded guilty to one count of conspiracy to commit money laundering and one count of foreign bribery in connection with the 1MDB scandal. He agreed to cooperate with the US Department of Justice (DOJ) and to forfeit $43.7 million in assets.
- Sentencing: Leissner was sentenced to 44 months in prison in July 2020. He was also ordered to pay a fine of $1.5 million and to forfeit an additional $20 million in assets.
- Cooperation with DOJ: As part of his plea deal, Leissner agreed to cooperate with the DOJ's investigation into the 1MDB scandal. He has provided information and testimony about the scandal, including about his former boss, former Goldman Sachs CEO Lloyd Blankfein.
- Testimony: Leissner has testified in court about his involvement in the 1MDB scandal, including about how he and other Goldman Sachs executives conspired to bribe Malaysian officials to secure lucrative deals for the bank.
- Settlement with Goldman Sachs: In August 2020, Leissner reached a settlement with Goldman Sachs, agreeing to pay the bank $1.2 million to resolve claims that he had breached his employment contract and engaged in misconduct.
- New Business Ventures: Despite his legal troubles, Leissner has been involved in new business ventures, including a private equity firm and a real estate development company.
- Philanthropy: Leissner has also been involved in philanthropic efforts, including supporting education and healthcare initiatives in Malaysia.
It's worth noting that Leissner's legal troubles are ongoing, and he may face additional legal action or penalties in the future.