A Federal court in Brooklyn has found former Goldman Sachs banker Roger Ng who also financed ‘Wolf of Wall Street’ guilty in the 1MDB Scandal.
Roger Ng, the former head of investment banking for Goldman Sachs in Malaysia, was found guilty of bribery and corruption in connection with the theft of $4.5 billion from the state investment fund 1MDB. Following a two-month trial in federal court in Brooklyn, the banker was found guilty on Friday.
Despite the fact that several others were involved in the scheme, including the alleged mastermind, Malaysian financier Jho Low, Ng was the only Goldman Sachs banker to face charges, pleading not guilty to conspiracy to launder money and two counts of conspiring to violate the Foreign Corrupt Practices Act. While his lawyers concede that the heist was "perhaps the single largest heist in the history of the world," they claim that American prosecutors used Ng as a scapegoat for the crimes of others who testified to the government, namely fe...
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