Leissner began serving a two-year prison term in February, but his imprisonment hasn’t stopped Goldman from trying to trace assets it said it is entitled to as a creditor.
(April 23): Goldman Sachs Group Inc says its former star banker Tim Leissner collected more than US$20 million in compensation while secretly carrying out one of the largest frauds in history involving 1Malaysia Development Bhd (1MDB) fund. The investment bank wants it back, with interest.
While the Financial Industry Regulatory Authority (Finra) and a US judge have sided with the bank, Leissner has said he’s broke. The investment bank has taken its push to recover the money from Leissner to Manhattan federal court — and is bringing his wife into the fight too.
