2018-11-13

Goldman Sachs And The Global 1MDB Scandal (video)

Goldman Sachs Entangled in Global 1MDB Scandal

With the indictment of two former senior Goldman Sachs bankers, accused by U.S. prosecutors of paying bribes, stealing and laundering money from a Malaysian sovereign-wealth fund, the Wall Street giant finds itself at the center of one of the world's largest-ever financial scandals. Wall Street Journal (wsj.com) video above published Nov 8, 2018.

Goldman Sachs Group Inc.
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The ex-Goldman Sachs banker who pleaded guilty to conspiring to steal money from Malaysia's state investment fund says Goldman's "culture" encouraged executives to work around the legal team to score business--it was "very much in line of its culture of Goldman Sachs to conceal facts from certain compliance and legal employees"--Tim Leissner, Goldman's former Southeast Asia chairman, in his guilty plea in August, unsealed in federal court in Brooklyn Friday Nov 9, 2018, as reported by cnn.com.
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Goldman Sachs's new partners — added diversity

Latest Goldman Sachs promotions come from a vast spectrum of individuals - investment bankers, traders, risk experts and lenders, but was the smallest group of new partners for 20 years. FT.com video published Nov 8, 2018.

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