Close Menu
The Financial News 247The Financial News 247
  • Home
  • News
  • Business
  • Finance
  • Companies
  • Investing
  • Markets
  • Lifestyle
  • Tech
  • More
    • Opinion
    • Climate
    • Web Stories
    • Spotlight
    • Press Release
What's On
‘I thought it was a mistake’

‘I thought it was a mistake’

January 29, 2026
Hints, Answers And Walkthrough For Friday, January 30

Hints, Answers And Walkthrough For Friday, January 30

January 29, 2026
Trump Endorses Deal To Avoid Government Shutdown

Trump Endorses Deal To Avoid Government Shutdown

January 29, 2026
Elon Musk’s SpaceX mulling merger with Tesla or xAI: report

Elon Musk’s SpaceX mulling merger with Tesla or xAI: report

January 29, 2026
Another App Store For Robots Launches, Will Have ‘Thousands Of Apps’

Another App Store For Robots Launches, Will Have ‘Thousands Of Apps’

January 29, 2026
Facebook X (Twitter) Instagram
The Financial News 247The Financial News 247
Demo
  • Home
  • News
  • Business
  • Finance
  • Companies
  • Investing
  • Markets
  • Lifestyle
  • Tech
  • More
    • Opinion
    • Climate
    • Web Stories
    • Spotlight
    • Press Release
The Financial News 247The Financial News 247
Home » Ex-Goldman banker in 1MDB scandal asks Trump for pardon: report

Ex-Goldman banker in 1MDB scandal asks Trump for pardon: report

By News RoomJanuary 23, 2026No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn WhatsApp Telegram Reddit Email Tumblr
Ex-Goldman banker in 1MDB scandal asks Trump for pardon: report
Share
Facebook Twitter LinkedIn Pinterest Email

Tim Leissner, the former Goldman Sachs banker who played a key role in the 1MDB scandal — one of the largest financial crimes in history — is asking President Trump for a pardon as he attempts to skirt a two-year stay in federal prison, according to a report.

Leissner filed his pardon application with the Department of Justice last year, according to the DOJ website. Bloomberg earlier reported on the filing.

He is scheduled to surrender to a federal prison in Southern California next month.

Tim Leissner, the former Goldman Sachs banker who played a key role in the 1MDB scandal, is asking President Trump for a pardon, according to a report.

Leissner’s filing follows pleas for clemency from other disgraced scammers like Theranos founder Elizabeth Holmes and Archegos Capital Management founder Bill Hwang, both convicted for stealing millions.

Last week alone, Trump granted pardons to more than 20 people, including several convicted of white-collar crimes – a move that has drawn criticism.

Goldman Sachs did not immediately respond to The Post’s request for comment.

Leissner, Goldman’s former Southeast Asia chairman, pleaded guilty in 2018 to conspiracy charges, admitting that he engaged in a scheme to steal $4.5 billion from Malaysia’s sovereign wealth fund, 1Malaysia Development Bhd.

He became the star witness during the 2022 trial, cooperating with the US government to share details on his former colleague Roger Ng – who ultimately received a 10-year sentence – and Malaysian financier Jho Low, who’s considered the mastermind of the fraud.

At his sentencing in May, Leissner pleaded with the court to spare him from prison time, writing in a letter that the crimes had already cost him his career, marriage and time with his children.

Tim Leissner and Kimora Lee Simmons.

His lawyer argued that he played a crucial role in Ng’s conviction — and that Leissner faced break-ins, slashed tires and threatening messages as a result of his cooperation.

“If I could turn back time, I would and I would do so without hesitation,” a teary-eyed Leissner said during the hearing. “Unfortunately, that is not possible.”

US District Judge Margo Brodie ordered him to serve two years in federal prison, saying his cooperation “did not completely make up for the harm and devastation that you knowingly caused.”

The 1MDB fraud resulted in billions of dollars in penalties for Goldman Sachs.

The 1MDB fraud ultimately toppled the Malaysian government, led to investigations in six countries and resulted in billions of dollars in penalties for Goldman Sachs. Low is still at large.

The stolen funds were allegedly used to bribe officials in Malaysia and Abu Dhabi, fund lavish lifestyles, and even back Martin Scorsese’s 2013 film “The Wolf of Wall Street.”

Leissner – who personally received more than $50 million in kickbacks, according to prosecutors – also had his personal life thrust into the spotlight, including the end of his marriage to fashion mogul Kimora Lee Simmons.

During the trial, he admitted to lying to colleagues, creating fake email accounts and forging documents – including a fake divorce decree he showed Simmons as proof that his split from his previous wife was final.

Business Goldman Sachs pardons scandal tim leissner
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related News

‘I thought it was a mistake’

‘I thought it was a mistake’

January 29, 2026
Elon Musk’s SpaceX mulling merger with Tesla or xAI: report

Elon Musk’s SpaceX mulling merger with Tesla or xAI: report

January 29, 2026
Amazon could invest up to B in OpenAI: report

Amazon could invest up to $50B in OpenAI: report

January 29, 2026
Apple iPhone sales hit record B as CEO Tim Cook calls demand ‘staggering’

Apple iPhone sales hit record $85B as CEO Tim Cook calls demand ‘staggering’

January 29, 2026
Elon Musk’s SpaceX in merger talks with xAI ahead of potential blockbuster IPO: report

Elon Musk’s SpaceX in merger talks with xAI ahead of potential blockbuster IPO: report

January 29, 2026
Viral Reddit post mocking  grilled cheese helped sink Bay Area shop, owner says

Viral Reddit post mocking $22 grilled cheese helped sink Bay Area shop, owner says

January 29, 2026
Add A Comment
Leave A Reply Cancel Reply

Don't Miss
Hints, Answers And Walkthrough For Friday, January 30

Hints, Answers And Walkthrough For Friday, January 30

Tech January 29, 2026

The weekend is just about here, Pipsqueaks, and we have some colorful tiles to fill…

Trump Endorses Deal To Avoid Government Shutdown

Trump Endorses Deal To Avoid Government Shutdown

January 29, 2026
Elon Musk’s SpaceX mulling merger with Tesla or xAI: report

Elon Musk’s SpaceX mulling merger with Tesla or xAI: report

January 29, 2026
Another App Store For Robots Launches, Will Have ‘Thousands Of Apps’

Another App Store For Robots Launches, Will Have ‘Thousands Of Apps’

January 29, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Our Picks
Why The NHL’s Top American Scorers Missed The Cut

Why The NHL’s Top American Scorers Missed The Cut

January 29, 2026
Amazon could invest up to B in OpenAI: report

Amazon could invest up to $50B in OpenAI: report

January 29, 2026
Netflix’s Murder Mystery Is A Major Letdown

Netflix’s Murder Mystery Is A Major Letdown

January 29, 2026
‘Bridgerton’ Season 4 Part 1 Ending Explained—Does Benedict Find His Lady In Silver?

‘Bridgerton’ Season 4 Part 1 Ending Explained—Does Benedict Find His Lady In Silver?

January 29, 2026
The Financial News 247
Facebook X (Twitter) Instagram Pinterest
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact us
© 2026 The Financial 247. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.