The money was used to finance lavish parties, a superyacht, premium real estate and even the 2013 film, The Wolf of Wall Street.
The looting of the 1MDB fund – and attempts to cover up the thefts – upended Malaysia’s government, sent ripples through Hollywood, where some of the stolen money had gone to finance films, and touched Washington, DC, where people involved funded a campaign to influence the outcome of the investigation.
Tim Leissner, Ng’s former boss at Goldman Sachs, pleaded guilty in 2018 to bribing government officials in Malaysia and Abu Dhabi. He was ordered to pay US$43.7mil and became a key government witness during Ng’s two-month trial. The judge declined to issue a fine but would consider a forfeiture amount, which could be anything up to US$35mil, in the future.
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