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Ichingcarpenter

(36,988 posts)
Mon Feb 15, 2016, 06:44 AM Feb 2016

Goldman Sachs banker embroiled in massive overseas money scandal

I know who would have thought that about Goldman Sachs............LOL







IGoldman Sachs’ cozy relationship with the Malaysian government is coming back to haunt the firm and one of its regional chairmen.

The fallout from the widening scandal hitting the white-shoe investment bank involves Tim Leissner, the Singapore-based chairman of Goldman’s Southeast Asia operations, who has left that country and relocated to Los Angeles on a leave of absence from the firm.

A state fund — 1Malaysia Development Berhad (1MDB) — was set up with Leissner’s assistance, and Goldman was paid sky-high commissions for bond sales. Then $681 million tied to the fund mysteriously turned up in the bank account of Malaysian Prime Minister Najib Razak.

The FBI is reportedly investigating all the fund’s transactions in concert with wider probes of money-laundering allegations spanning five countries.

These probes could force Goldman to face the wrath of a congressional inquiry, according to one legal expert.

Leissner, 45, who is married to Kimora Lee Simmons, the former wife of hip-hop mogul Russell Simmons, lives a jet-setting lifestyle.

Kimora Lee, a businesswoman, designer and former model, last year opened a fashion boutique on tony Beverly Drive in Los Angeles.

http://nypost.com/2016/02/13/goldman-sachs-banker-involved-in-a-massive-overseas-money-scandal/












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Goldman Sachs banker embroiled in massive overseas money scandal (Original Post) Ichingcarpenter Feb 2016 OP
K&R! Down with 3rd Way, the Vichy Dems Katashi_itto Feb 2016 #1
Vichy Dems... Myrddin Feb 2016 #8
Should never been applied to all the French. The French Resistance, were brave. Katashi_itto Feb 2016 #9
Without the aid of the French we would never have won our independence. Enthusiast Feb 2016 #13
Absolutely! Katashi_itto Feb 2016 #14
Massive +1! Vichy Dems is perfectly appropriate. Enthusiast Feb 2016 #10
I can predict that Goldman Sachs Helen Borg Feb 2016 #2
No problem. We can bail them out. Enthusiast Feb 2016 #11
Not THE Goldman Sachs! warrprayer Feb 2016 #3
He "relocated to Los Angeles"! Love it. Hortensis Feb 2016 #4
face the wrath of a congressional inquiry? IDemo Feb 2016 #5
Right... monicaangela Feb 2016 #7
Yes. So frightening. Enthusiast Feb 2016 #12
I saw that hearing back then Ichingcarpenter Feb 2016 #15
Me too. It was horrible. Enthusiast Feb 2016 #16
Excellent Ichingcarpenter! monicaangela Feb 2016 #6
"These probes could force Goldman to face the wrath of a congressional inquiry, according to one Glassunion Feb 2016 #17

Myrddin

(327 posts)
8. Vichy Dems...
Mon Feb 15, 2016, 09:38 AM
Feb 2016

...very appropriate.

Would work very well as Vichy Labour in UK.

Vichy = Cheese eating Surrender Monkeys!

So often applied to all French; which is not only unfair, but offensive to the very brave, who fought without the protection of a uniform.

 

Katashi_itto

(10,175 posts)
9. Should never been applied to all the French. The French Resistance, were brave.
Mon Feb 15, 2016, 09:42 AM
Feb 2016

A very unfair thing.

monicaangela

(1,508 posts)
7. Right...
Mon Feb 15, 2016, 08:08 AM
Feb 2016

The look on their faces says it all. We own you and you know it.....Where is the meeting after this farce? How much are we going to have to donate to your campaign this year? Oh wait...you still owe us a favor.

Ichingcarpenter

(36,988 posts)
15. I saw that hearing back then
Mon Feb 15, 2016, 10:36 AM
Feb 2016

It was biggest, brown-nosing.sycophantic ass kissing ever displayed on the planet never mind the Senate.

monicaangela

(1,508 posts)
6. Excellent Ichingcarpenter!
Mon Feb 15, 2016, 08:05 AM
Feb 2016

As you have said....surprise, surprise, surprise... Of course the investigation will go nowhere, and he will never go to jail, or will he? Let's hope.

Glassunion

(10,201 posts)
17. "These probes could force Goldman to face the wrath of a congressional inquiry, according to one
Mon Feb 15, 2016, 11:59 AM
Feb 2016

legal expert"

I'm gonna call Bravo Sierra on that statement.

1. There is no wrath in a congressional inquiry, especially when a major financial firm is involved.
2. Is this "legal expert" really an expert? Don't they know how our legal system really works with these financial institutions?

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