The Federal Reserve Board of Governors has barred former Goldman Sachs Group Inc. investment bankers Tim Leissner and Roger Ng from working in the banking industry because of their alleged involvement in illegally diverting funds from Malaysian state investment fund 1Malaysia Development Bhd.
The Fed said Tuesday Mr. Leissner, the former head of Goldman’s Southeast Asia business, agreed to his ban from the industry and has been fined $1.42 million.
May be time to deal similarly with Goldman Sachs themselves - unless they refund the poor people to the value of the total funds initially raised.
I'm concerned how Goldman Sachs for years has provided financial services to Russian oligarchs and other foreign-based clients operating out of Russia. Hope U.S. intelligence is watching them closely. Robert Morton, author of spy thriller
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