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A $4.5 billion corruption scandal allegedly linked to a Goldman Sachs exec who married Kimora Lee Simmons is coming to an end
Malaysian police have issued an arrest warrant for Jho Low, the fugitive financier they believe is at the center of a corruption scandal that syphoned $4.5 billion from Malaysia's sovereign wealth fund, according to Reuters. Low was last seen in Hong Kong but is believed to have fled to nearby Macau by ferry, according to the South China Morning Post. Separately, Tim Leissner, a former Goldman Sachs partner and Southeast Asia chairman, is negotiating with American prosecutors over a potential guilty plea regarding his alleged role in the scam, according to the Wall Street Journal. Goldman earned $600 million in fees ... (full story)
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- Jul 11, 2018 4:33am Jul 11, 2018 4:33am
- mkjenna
- Joined Mar 2010 | Status: Fluting on the humps | 147 Comments
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- Jul 11, 2018 6:08pm Jul 11, 2018 6:08pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.