Ex-Goldman banker Ng sentenced to 10 years
Well, we sure got this answer to Roger’s pleas for leniency, fast! Namely, ten years in the hoosegow. No surprise there. This blog is about how the words “What Goes Around Comes Around” are actually an inescapable Law of Physics. Thanks Rog, for making the point in such a powerful way!
Roger Ng, the only Goldman Sachs banker tried and convicted in the global 1MDB scandal, was sentenced to 10 years in prison for his part in what the judge described as “one of the biggest financial crimes in the history of the world.” Ng had pleaded for leniency and looked stunned at the decade-long sentence, following his earlier conviction of conspiring to violate US anti-bribery laws and to launder money.
Meanwhile, Malaysian Prime Minister Anwar Ibrahim appointed a vocal critic of Goldman Sachs to chair a task force formed to resolve matters linked to the multi-billion dollar scandal surrounding the state-owned investment fund.
Find Rob’s book & ebook “What Goes Around Comes Around – A Guide To How Life REALLY Works” at Amazon or Audible
Kirkus Reviews says:
A stable, nonpreachy, objective voice makes the book stand apart from others in the genre. A successful guide that uses anecdotes of real human experiences to reveal powerful truths about life.
Ex-Goldman banker Ng sentenced to 10 years in prison for 1MDB corruption case

Former Goldman Sachs banker Roger Ng was sentenced to 10 years in prison on Thursday, after he was convicted of helping loot billions of dollars from Malaysia’s 1MDB sovereign wealth fund.
A jury in federal court in the New York City borough of Brooklyn last April found Ng, Goldman’s former head of investment banking in Malaysia, guilty of helping his former boss Tim Leissner embezzle money from the fund, launder the proceeds and bribe government officials to win business.
The charges stem from some $6.5 billion in bonds that Goldman helped 1MDB, which was founded to finance development projects in Malaysia, sell in 2012 and 2013.
U.S. prosecutors said $4.5 billion of that sum was embezzled by officials, bankers and their associates, in one of the biggest scandals in Wall Street history.
Funds were used to buy high-end real estate, jewelry and artwork, and finance the Hollywood film, “The Wolf of Wall Street,” according to the Department of Justice.
U.S. District Judge Margo Brodie, who imposed the sentence, said Ng and his co-defendants “effectively stole money” meant for infrastructure and economic development projects to aid the Malaysian people.
“There is a critical need to deter crimes of pure greed like this one,” Brodie said.
Ng plans to appeal the sentence, his lawyer Marc Agnifilo told reporters after the hearing. Ng had pleaded not guilty and argued $35 million in kickback payments he was accused of receiving were actually a return on an investment his wife had made.
Najib will get better treatment in prison than I did, says Anwar Ibrahim
Federal prosecutors in Brooklyn had urged Brodie to sentence Ng to 15 years in prison.
In a statement following the sentence, Breon Peace, the U.S. Attorney for the Eastern District of New York, said the punishment would show “there is a significant price to pay for corporate corruption.”
Ng requested no prison time and that he be allowed to return to Malaysia, where he spent six months in prison in conditions Agnifilo said nearly killed him and harmed his mental health.
In court on Thursday, Ng told Brodie he wanted to go back to Malaysia to care for his aging mother, and to be with his daughter.
“The last I held her in my arms was five years ago,” he said. “She was six then. She turns 11 this June.”
Brodie said she takes the impact of sentencing on children seriously, but that Ng’s separation from his daughter was “not a unique circumstance.”
Leissner had been Goldman’s Southeast Asia chief. He pleaded guilty and testified against Ng as part of a cooperation agreement. He has not yet been sentenced.
Jho Low, a Malaysian financier and suspected mastermind of the scheme, was indicted alongside Ng in 2018 but remains at large.
In October 2020, Goldman agreed to pay $2.9 billion and its Malaysian unit pleaded guilty to a corruption charge.
Kirkus Reviews, the gold-standard for independent & accurate reviews, has this to say about
What Goes Around Comes Around:
A successful guide that uses anecdotes to reveal powerful truths about life.
The stable, positive, non-preachy and objective voice makes the book stand apart from others in the genre.
~ Kirkus Reviews
“I’ve read a number of books that focus on sharing a similar message, including “The Secret” by Rhonda Byrne, “The Answer” by John Assaraf & Murray Smith, “The Celestine Prophecy” by James Redfield, “Think and Grow Rich,” by Napoleon Hill, and I must say that I find Rob’s to be my favorite.” – Sheryl Woodhouse, founder of Livelihood Matters LLC
Ex-Goldman banker Ng sentenced to 10 years
Ex-Goldman banker Ng sentenced to 10 years