![]() Ng is scheduled to surrender to federal prison authorities on May 4, though his lawyers can still apply to keep him free on bail pending his appeal. The judge added, “There is a critical need to deter crimes of pure greed like this one.”Īgnifilo said he’s “disappointed” by the sentence and he plans to appeal the conviction. “It’s not a substitute for being there for your daughter, but it is something.” Tim Leissner has unfortunately committed many crimes that cost investors billions of dollars, destroyed his marriage, and put more than one person behind bars. “You read to her every night before she goes to bed, you speak to her every morning,” she said. Ex-Goldman banker Tim Leissner's 1MDB sentencing delayed until 2023 The. “By all accounts, this was horrific,” she said, but pointed out that other defendants awaiting trial in jail don’t have the chance to communicate with their family every day the way Ng does with his daughter. He has been free on US20 million bail since his arrest by US authorities in June 2018. She said that she factored how he “suffered greatly” into his sentence - which was significantly less than the roughly 20 to 25 years recommended by federal sentencing guidelines. Ng’s face fell as Brodie announced her ruling Thursday. ![]() Ng’s family surrendered $35 million the Malaysian government found in 11 separate accounts. Goldman Sachs pleaded guilty and returned $2.9 billion, according to prosecutors. Leissner pleaded guilty to conspiracy to commit money laundering and other charges, and is scheduled to be sentenced in September. That torment ended when he was extradited to New York and placed under house arrest, but he was 10,000 miles away from his wife and daughter back in Malaysia, and the COVID-19 epidemic left him isolated, waiting for years for his trial, Agnifilo said. He asked for medical assistance and for two weeks he got none.” There were rats and there were mosquitoes,” he said. There was nothing to stop the rats from coming in. ![]() The experience left him with post-traumatic stress disorder, Agnifilo said. “There is no more general deterrent than I can think of than putting a Goldman Sachs managing director into a small Malaysian prison cell with only a hole to defecate in,” said his lawyer, Marc Agnifilo. He spent six months in a Malaysian jail after his arrest in 2018, and during that time, he contracted malaria and severe Leptospirosis, a possibly fatal bacterial disease spread through the urine of infected rats. Ng’s defense lawyers were asking for a sentence of time served. Low, the alleged mastermind, is still on the run from the law. United States Attorney for the Eastern District of New York Breon Peace
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