September 26, 2022

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Trade Information for April 8, 2022

A former Goldman Sachs banker used to be convicted Friday on bribery and money-laundering fees stemming from a globe-spanning fraud scandal: the looting of greater than $4 billion from a Malaysian sovereign wealth fund.

A federal jury discovered the previous banker, Roger Ng, accountable after a just about two-month trial wherein the federal government’s key witness admitted to being a common liar. Even so, the jurors discovered Mr. Ng accountable of all 3 fees after greater than two days of deliberation. He may withstand 30 years in jail.

Breon Peace, the U.S. lawyer for the Jap District of New York, stated

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