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Ex-Goldman banker Leissner gets two years in IMDB fraud case
Mint New Delhi
|May 30, 2025
Former Goldman Sachs Group Inc. banker Tim Leissner, who pleaded guilty to helping loot the Malaysian investment fund IMDB, was sentenced to two years in prison over his role in the massive fraud.
US District Judge Margo Brodie in Brooklyn, New York, sentenced him at a hearing Thursday. Leissner had asked not to go to prison, arguing that his cooperation had resulted in the conviction of a former colleague and billions of dollars in global fines against Goldman.
Leissner, 53, had faced as long as 25 years in prison after pleading guilty in 2018 to one count of conspiring to violate bribery laws and conspiring to launder money. While prosecutors had also pushed for leniency, Brodie cited a letter from Goldman that said that the IMDB fraud would never have taken place without Leissner.
This story is from the May 30, 2025 edition of Mint New Delhi.
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