Posted on by

Federal Reserve officials call for a measured response to inflation.



Share

Roger Ng, a former Goldman Sachs banker, center, with his lawyer, Marc Agnifilo, outside U.S. federal court in New York last week.Credit…Yuki Iwamura/Agence France-Presse — Getty ImagesThe global scandal over the looting of a big Malaysian infrastructure fund nearly a decade ago — a crime that tarnished the reputation of one of Wall Street’s premier banks — is about to play out once again in a federal courthouse in Brooklyn.The criminal money laundering and bribery trial of Roger Ng, a former Goldman Sachs banker, will begin Monday, with opening arguments and federal prosecutors calling their first witnesses.The trial comes nearly four years after Mr. Ng, 49, a Malaysian resident, was indicted by federal prosecutors in Brooklyn. And it comes 16 months after Goldman pleaded guilty to a criminal charge and paid $5 billion in fines for its role in the far-reaching foreign corruption bribery scheme.Jho Low, the accused mastermind of the scheme to loot more than $4 billion from the big Malaysian fund known as 1MDB, remains a fugitive and is believed to be living in China. Tim Leissner, the former Goldman partner who pleaded guilty in the summer of 2018 and has been cooperat …

Read More