![]() He agreed to forfeit $43.7 million and will be sentenced for his role in the scheme later this year.įederal officials say Leissner, Ng and Low worked to divert $4.5 billion from the 1MDB fund – some of which Goldman helped to raise through bond sales – to fund their lavish lifestyle. Leissner has already pleaded guilty to charges of conspiracy to launder money and conspiracy to violate the Foreign Corrupt Practices Act. Leissner later admitted that he “faked” divorces to marry other women while he was still legally wed. He continued the charade for years, holding full conversations with Simmons as Chan about family vacations and other events – at one claiming that Simmons was responsible for an IRS audit targeting Leissner.ĭefense attorney Marc Agnifilo said the email scheme was proof that Leissner was a “rare, cunning liar” whose testimony couldn’t be trusted.Įarlier in the trial, Agniflo accused Leissner of being a “double bigamist” who was twice married to two women at once. Leissner said he initially posed as Chan while trying to convince Simmons - whom he was dating at the time - that they were no longer legally married. The emails were sent to Leissner’s future wife, model Kimora Lee Simmons, as well as Malaysian financier Jho Low – another key figure in the corruption scandal. Najib is currently in prison for his role in the 1MDB corruption scandal.ĭefense attorneys for Ng have focused on Leissner’s past misdeeds during the trial in a bid to raise questions about his credibility as a witness.Įarlier in the week, Leissner admitted that he sent fake emails for years while pretending to be his ex-wife, Judy Chan. The star witness said he previously helped the daughter of disgraced ex-Malaysian prime minster Najib Razak to get a job at TPG Asia. Former boss Tim Leissner pleaded guilty and is testifying against his colleague Ngs defense accused Leissner of being an untrustworthy bigamist Prosecutors allege Ng pocketed 35million from the. Leissner’s links to TPG arose earlier in the trial. Ex-Goldman bank Tim Leissner is the star witness against his former coworker, defendant Roger Ng. ![]() Leissner left his role at the bank in 2016. “He did serve as a consultant beginning in the summer of 2015 but was immediately terminated when the circumstances around his departure from Goldman Sachs became known,” Wildcat said in a statement obtained by Bloomberg. The family office confirmed Leissner’s past work but said he was “never a Wildcat employee.” It’s also unclear what tasks actually performed for Wildcat. The former chairman at Goldman Sachs’ Southeast Asia division, Leissner admitted that he never disclosed his side hustle to his main employer. Wildcat is the family office of David Bonderman, the billionaire co-founder of investment giant TPG. Tim Leissner was never exactly the shy, retiring type. Leissner – the prosecution’s star witness in the embezzlement trial against his former coworker, banker Roger Ng – said he was earning $41,000 per month in 2015 while working for Wildcat Capital Management. The post Kimora Lee Simmons’ estranged husband testifies he photoshopped divorce papers to marry her appeared first on TheGrio.Ex-Goldman Sachs banker convicted in 1MDB embezzlement scheme sues former bossĮx-Goldman banker Roger Ng convicted in $4.5B 1MDB embezzlement schemeĮx-banker in ‘brazen’ 1MDB scheme should be convicted: prosecutorĮx-Goldman star’s feng shui master warned of ‘bad karma’ during 1MDB schemeįormer Goldman Sachs star executive Tim Leissner told a courtroom this week that he held a lucrative side gig with another firm while he was still a partner at the bank – and participating in a scheme to pilfer billions of dollars from Malaysia’s 1MDB sovereign development fund. Also, please download theGrio mobile apps today !” TheGrio is now on your TV via Apple TV, Amazon Fire, Roku, and Android TV. ![]() Simmons requested that Kimora and Leissner “reaffirm” his 50% of Celsius shares, pay money and punitive damages, along with legal fees. Per People, Simmons accuses Kimora and Leissner of fraudulently transferring his stocks to pay Leissner’s $44 million fine after his guilty plea to criminal conspiracy to commit money laundering. ![]() Leissner and Lee Simmons are facing a lawsuit from her previous husband, Russell Simmons, who claims that the couple attempted to defraud the energy drink company that they are all investors in- Celsius. Aoki Lee Simmons, Ming Lee Simmons, Kenzo Lee Hounsou, Kimora Lee Simmons, Wolf Lee Leissner and Tim Leissner Host Special Screening Of “A Wrinkle In Time” For Disadvantaged Youth at Cinemark Los Angeles – Baldwin Hills 15 & XD on March 10, 2018, in Los Angeles.
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