Ex-Goldman Banker Leissner Gets Two Years in 1MDB Fraud Case (3)

Former Goldman Sachs Group Inc. banker Tim Leissner, who pleaded guilty to helping loot the Malaysian investment fund 1MDB, was sentenced to two years in prison over his role in the massive fraud.

US District Judge Margo Brodie in Brooklyn, New York, imposed the sentence at a hearing Thursday, calling his conduct “brazen and audacious.” Leissner had asked not to go to prison, arguing that his cooperation with prosecutors had resulted in the conviction of a former colleague and billions of dollars in global fines against Goldman.

Tim Leissner, former chairman of Southeast Asia for Goldman Sachs Group Inc., center, exits federal court in the Brooklyn borough of New York on May 29.

Source: Bloomberg

Leissner, 53, had faced as long as 25 years in ...