{"id":270598,"date":"2021-06-09T23:42:59","date_gmt":"2021-06-09T20:42:59","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/goldman-sachs-finally-paying-off-1mdb-debt\/"},"modified":"2021-06-09T23:42:59","modified_gmt":"2021-06-09T20:42:59","slug":"goldman-sachs-finally-paying-off-1mdb-debt","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/goldman-sachs-finally-paying-off-1mdb-debt\/","title":{"rendered":"#Goldman Sachs finally paying off 1MDB debt"},"content":{"rendered":"

“#Goldman Sachs finally paying off 1MDB debt<\/strong>”<\/p>\n

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Goldman Sachs may finally be able to put the 1MDB scandal behind it. <\/p>\n

The bank has 10 days to pay the remaining $1.26 billion of a $2.3 billion fine it owes the US government, according to a Bloomberg report<\/a>. <\/p>\n

Goldman was charged with wrongdoing for bribing foreign officials to keep its business relationship with 1Malaysia Development Berhad but arranged a deferred prosecution deal with the Department of Justice last year to give itself more time to pay the massive fine.<\/p>\n

The payment is triggered by a U.S. District Judge\u2019s ruling Wednesday that the bank\u2019s Malaysia division is guilty and must pay $500,000.<\/p>\n

The Goldman executives responsible for the misdealing, Roger Ng and Tim Leissner, have been barred from working in the securities industry again. The pair brought in an eye-popping $600 million in fees for Goldman during the height of their deal-making with 1MDB. <\/p>\n

The Malaysian backed sovereign wealth fund gave kickbacks to Malaysian Prime Minister Najib Razak and became a personal piggybank for the scheme\u2019s mastermind: Jho Low.<\/p>\n

For Jho Low, who found the fund investors and roped in the PM, \u00a0it was all fun and game<\/a>s until the feds showed up.<\/p>\n

The playboy financier embezzled money from the $6.5 billion bond offerings to fund a lavish lifestyle of private jets, parties, and yachts for himself and his short-lived celebrity besties like Leonardo DiCaprio and Paris Hilton. <\/p>\n

\"Signage
Goldman Sachs has 10 days to pay the remaining $1.26 billion of a $2.3 billion fine.<\/figcaption>
Nicky Loh\/Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n

Jho Low\u2019s stolen funds paid for a sumptuous 31st birthday party in Vegas that had it all: Britney Spears emerging from a massive cake to serenade Low, performances from Chris Brown, Ludacris, and Usher, and app<\/a>earances from Kayne West, Kim Kardashian, Bradley Cooper, and Zach Galifianakis. He even dated former Victoria\u2019s Secret angel Miranda Kerr, whom he showered with expensive jewelry.<\/p>\n

In an ironic twist, some of the stolen money even went to produce Martin Scorsese\u2019s film about financial fraudster Jordan Belfort, \u201cThe Wolf of Wall Street.\u201d <\/p>\n

But all illegal things must come to an end.<\/p>\n

And now Goldman is paying the price\u2013shelling out the largest ever penalty to the US for foreign corruption charges.\u00a0\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Goldman Sachs finally paying off 1MDB debt” Goldman Sachs may finally be able to put the 1MDB scandal behind it. The bank has 10 days to pay the remaining $1.26 billion of a $2.3 billion fine it owes the US government, according to a Bloomberg report. Goldman was charged with wrongdoing for bribing foreign officials…<\/p>\n","protected":false},"author":1,"featured_media":270599,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/06\/goldman-debt-1.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[108771,72134,70790,48925],"class_list":["post-270598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-9-21","tag-debt","tag-goldman-sachs","tag-malaysia"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/270598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=270598"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/270598\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/270599"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=270598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=270598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=270598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}