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| 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.
Also see:
Goldman Bankster Leaves Firm Amidst Brewing Scandal
HOT Swiss Suspect $4 Billion ‘Misappropriated’ by Malaysian State Companies; A Goldman Sachs Connection?
Malaysia Prime Minister Has $680 Million Cash in His Bank Account; Top Goldman Bankster Bolts the Country
-RW
One57 tower linked to global money-laundering probe
ReplyDeleteNew York’s first billionaires’ building, One57, was funded by a subsidiary of an Abu Dhabi company linked to a global money-laundering investigation, The Post has learned.
Gary Barnett, of Extell Development, started to build the 75-story skyscraper, at 157 W. 57th St., during the height of the recession when Western funding was scarce.
Barnett owns only a small piece of the $1.6 billion tower, which was mainly funded by Aabar Investments and a second, privately held Abu Dhabi-based investor, Tasameem Real Estate Co., sources said.
“Gary Barnett used this Abu Dhabi connection to bail him out,” one source familiar with the situation said.
Aabar is a subsidiary of International Petroleum Investment Co. (IPIC), one of the biggest backers of a state-owned Malaysian investment fund that is at the center of a growing corruption scandal.
That fund, 1Malaysia Development Berhad (1MDB), had $6.5 billion in bonds guaranteed by IPIC, according to reports.
http://nypost.com/2016/03/10/one57-linked-to-global-money-laundering-probe/