Legal
Ex-Goldman Banker Ng Must Forfeit $35.1 Million Over 1MDB
- Ng sentenced 10 years in prison for role in global 1MDB fraud
- He argued Leissner was worse, Malaysia already took his funds
Roger Ng departs federal court in the Brooklyn borough of New York, on March 9.
Photographer: Yuki Iwamura/BloombergThis article is for subscribers only.
Former Goldman Sachs Group Inc. banker Roger Ng, who was sentenced to 10 years in prison for his role in the global 1MDB fraud, was ordered to forfeit $35.1 million by a judge who rejected his claims that Malaysia already took all of his money.
At his March 9 sentencing, federal prosecutors had asked US District Judge Margo Brodie in Brooklyn, New York, to order Ng to forfeit the sum as ill-gotten gains from the conspiracy to loot the Malaysian sovereign wealth fund. Ng’s lawyer, Marc Agnifilo, argued that no other penalties were needed because his client had no money left.