Former Goldman Sachs banker gets 10 years for international money laundering scheme
Fox News
Former Goldman Sachs banker Roger Ng was sentenced to a decade in prison for his role in a scheme to loot billions of dollars from a Malaysian wealth fund.
Prosecutors said Ng and his co-conspirators helped the Malaysian fund, known as 1MDB, to raise $6.5 billion through bond sales — only to participate in a scheme that siphoned off more than two-thirds of the money, some of which went to pay bribes and kickbacks.
Reading from a prepared statement, Ng pleaded for mercy from U.S. District Judge Margo Brodie.
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