Today, a federal jury in Brooklyn convicted former Goldman Sachs managing director Roger Ng of participating in a bribery and money laundering scheme related to a Malaysian investment development fund known as 1MDB.

The scheme was massive in its scale – the defendant and his co-conspirators embezzled billions of dollars from the fund. Ng obtained lucrative business for his employer by bribing a dozen government officials in Malaysia and Abu Dhabi.

Between 2012 and 2013, the defendant, Roger Ng, received more than $35 million in kickbacks for his role in the scheme to steal and launder billions of dollars from 1MDB, including funds 1MDB raised in 2012 and 2013 through three bond transactions and to use that money for bribes.

Ng also conspired to circumvent Goldman Sachs’s internal accounting controls to ensure that Goldman Sachs would approve the three bond deals that were critical to the scheme. Ng conspired with others to launder the proceeds through the United States financial system by purchasing, among other things, luxury real estate in New York City, valuable artwork, jewelry, and funding Hollywood films like “The Wolf of Wall Street.”

United States Attorney Breon Peace commented:

“And finally, I commend the jury for their attention to the evidence, their dedicated service over the past seven weeks, during a pandemic, and their commitment to do justice.”