Bloomberg Law
March 3, 2023, 9:30 PM

Ex-Goldman Banker Ordered to Forfeit $43.7 Million Over 1MDB (2)

Patricia Hurtado
Patricia Hurtado
Bloomberg News

Former Goldman Sachs Group Inc. banker Tim Leissner, who pleaded guilty to participating in the massive 1MDB foreign bribery fraud, was ordered to forfeit $43.7 million in cash as well as all 3.3 million shares in fitness drink company Celsius Holdings Inc.

US District Judge Margo Brodie on Friday ordered Leissner to surrender the assets as part of his earlier guilty plea to foreign bribery and money-laundering charges related to the 1MDB scandal. Leissner has been free on $20 million bail since his arrest in June 2018. He pleaded guilty in August 2018 and was the government’s star witness ...

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