Business

Ex-Goldman banker Tim Leissner sentenced to 2 years in prison in 1MDB scandal

May 29, 2025

Former Goldman Sachs banker Tim Leissner was sentenced to two years in prison by a judge in a New York court on Thursday after he pleaded guilty in 2018 for his involvement in a multi-billion dollar scandal involving Malaysia’s sovereign fund 1MDB.

Leissner’s conduct was “brazen and audacious,” Judge Margo Brodie said during the sentencing. While his cooperation with the government was taken into account, it did not make up for the harm caused by the scandal.

Tim Leissner in court on Thursday. The ex-Goldman banker received a two-year prison sentence. AFP via Getty Images

“First and foremost, I offer my sincere apology to the people of Malaysia,” Leissner, 55, told the hearing, his voice breaking as he read a statement. “I deeply regret my actions.”

This is a developing story. Please check back for updates.

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