A “Wolf of Wall Street” will spend the next decade in a federal pen.
Former Goldman Sachs banker Roger Ng was sentenced to 10 years in prison on Thursday for his role in helping to loot billions of dollars from Malaysia’s 1MDB sovereign wealth fund.
U.S. prosecutors said $4.5 billion of that sum was embezzled by officials, bankers and their associates, in one of the biggest scandals in Wall Street history. The funds were used to buy high-end real estate, jewelry and artwork, and finance the Hollywood film “The Wolf of Wall Street,” according to the Department of Justice.
“Foreign corruption undermines the public’s confidence in international markets and institutions,” prosecutors wrote. “It destroys people’s faith in their leaders and it is deeply unfair to everybody else who plays by the rules.”
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Texas energy company will pay $3.4B to buy Ohio, Pennsylvania nuclear power plantsAn energy company based in Texas will pay $3.4 billion to buy a nuclear power plant in Pennsylvania and another in northern Ohio. Energy Harbor is in the middle of a federal corruption case.
Leer más »
Disgraced Democrat's resignation could soon tie up the Pennsylvania state HouseHARRISBURG — Embattled Pennsylvania state Rep. Mike Zabel — a Delaware County Democrat who was facing numerous allegations of sexual harassment — has announced in a letter to House Speaker Joanna McClinton (D) that he will resign his seat effective March 16.
Leer más »
Goldman Sachs says buy Taser maker Axon Enterprise, as greater oversight of police will drive demandThe firm said the taser maker deserves its premium valuation even with the stock up more than 33% this year.
Leer más »
New Seafood Restaurant Principe Docks in SoHoThe restaurant is led by chef Abram Bissell and Bleecker Street Hospitality Group owner Robert Goldman.
Leer más »
Former Goldman Sachs Banker to Be Sentenced for 1MDB ScandalFormer Goldman Sachs banker Roger Ng, convicted in a scheme to steal billions from a Malaysian sovereign-wealth fund, is set to be sentenced on Thursday
Leer más »