![]() He described an occasion in which he and Ng tried to help the owner of a copper project in the Philippines sell the business for $50 million. Leissner earlier this week also described efforts he and Ng made to supplement their income from Goldman Sachs - separate from their role in the 1MDB scam - because they were unhappy with how much money the bank paid them. and in Celsius Holdings Inc, an energy drink. He said he also invested in a multi-platform media company called All Def Digital Inc. Some was also used for a down payment on a Los Angeles home he’d share with his new wife, Kimora Lee Simmons, whom he met in 2013, Leissner said. ![]() Leissner said he used some of the money he stole from Low to buy a $50 million boat, part of the Inter Milan soccer team and a Manhattan apartment at 68th Street and Madison Avenue. How Malaysia’s 1MDB Scandal Shook the Financial World: QuickTake This advertisement has not loaded yet, but your article continues below. It’s a common practice for prosecutors to highlight the negative aspects of their witnesses to get ahead of anything that could be revealed by defense lawyers during cross-examination. In his fourth day of testimony Thursday, Leissner, 52, delved into his personal life including how he lied, stole and cheated. with the hope of getting a more lenient sentence. anti-bribery laws, and agreed to cooperate with the U.S. Leissner pleaded guilty in 2018 to conspiring to violate U.S. Ng is accused of a money-laundering conspiracy and bribery stemming from the scam at 1Malaysia Development Bhd. ![]() “I had the intention to pay him back over time but I didn’t have a chance,” he told the jury. Leissner said his arrest in 2018 prevented him from repaying Ng any of the money. He said he then borrowed another $1.25 million from Ng, his subordinate at Goldman. Because much of his money was invested in illiquid assets, Leissner told the jury he kept $80 million for himself. When Malaysian financier Jho Low, the alleged architect of the massive fraud, asked Leissner to “hold” 145 million Euros ($162 million) in a shell company in Mauritius, Leissner saw an opportunity.
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