|Goldman Sachs CEO Lloyd Blankfein throws a fellow bankster under the bus.|
A former Goldman Sachs Group . banker’s file with the securities industry’s self-regulating group, Finra, confirmed Friday that the crony Wall Street firm suspended him for making “inaccurate and unauthorized statements” in a reference letter he wrote without its consent, reports WSJ..
Tim Leissner, Goldman’s former Southeast Asia chairman, was placed on leave in January after the firm discovered the letter during an internal investigation into his role in handling deals for a controversial Malaysian government investment fund at the center of a multi-billion dollar corruption scandal,
Leissner’s file on the Finra’s database of securities professionals was updated recently to reflect the review’s discovery, noting the June 2015 reference letter was “provided to a non-U.S. financial institutional he wrote on behalf of a foreign affiliate of the firm, without the affiliate’s or the firm’s knowledge or approval.”
Goldman placed Leissner on leave after executives interviewed him on Jan. 19. A day later, he told the firm he planned to retire, according to the Finra filing.
U.S. authorities have subpoenaed Leissner in connection with its inquiry into 1Malaysia Development Bhd., the investment fund facing allegations that it transferred funds into the personal accounts of the Asian country’s prime minister.
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