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Ex-Goldman Banker Leissner Barred by SEC Over 1MDB Fund Scandal

Dec. 16, 2019, 7:48 PM

Ex-Goldman Sachs Group Inc. banker Tim Leissner was permanently barred from the securities industry by U.S. regulators for paying bribes as part of scandal that allegedly led to billions of dollars being pilfered from the Malaysian state fund 1MDB.

Leissner agreed to $43.7 million in disgorgement as part of his settlement with the Securities and Exchange Commission, the agency said in a Monday statement. The disgorgement was “deemed satisfied” by a criminal forfeiture Leissner entered into last year with the Justice Department, indicating he won’t be paying any more money to the SEC.

Beginning in 2012, Leissner used ...