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TexasTowelie

(111,313 posts)
Mon Jan 21, 2019, 07:31 AM Jan 2019

Goldman's tactic in huge Malaysian fraud case: Smear an ex-partner

They sound like the ingredients of a pulpy thriller: Bigamy. Secret religious conversions. A doctorate from a mail-order diploma mill. Affairs with powerful women.

The sordid list — a mixture of facts, accusations and insinuations, packaged in a glossy slide show — represents the crux of a well-orchestrated campaign by Goldman Sachs to discredit one of its former partners and to minimize the Wall Street bank’s role in the looting of a big Malaysian investment fund.

In recent presentations to U.S. regulators and law-enforcement authorities, according to people familiar with their contents, Goldman executives and their lawyers have depicted Tim Leissner, a former top investment banker, as a master con man, someone so sneaky even the retired military intelligence officers who work for the bank couldn’t sniff him out.

The scorched-earth tactics, especially against someone who had been a star banker, reflect just how worried Goldman is about the criminal investigations into its role in the theft of at least $2.7 billion from the 1Malaysia Development Berhad, or 1MDB, sovereign wealth fund.

Read more: https://www.bendbulletin.com/business/6853504-151/goldmans-tactic-in-huge-malaysian-fraud-case-smear

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