Judy chan leissner net worth

Tim Leissner

German-born investment banker (born )

Tim Leissner

Born () October 31, (age&#;53)
NationalityAmerican
OccupationInvestment banker
Known&#;for1MDB Fraud
TitleChairman of Southeast Asia and Managing Director of Goldman Sachs
SpouseKimora Lee Simmons
Children2

Tim Leissner (born October 31, ) is a German-born investment banker and convicted felon.

As managing director at Goldman Sachs and chairman of the bank's Southeast Asia division[1] Leissner helped orchestrate the 1Malaysia Development Berhad scandal, one of the biggest financial scandals in history, in which billions of dollars were stolen. He was arrested in June in Washington, D.C., forced to pay a $43 million fine.

As of he faced up to 25 years in prison but due to his cooperation has avoided spending any time in jail.

Early life and education

This section needs expansion. You can help by adding to it. (March )

Tim Leissner was born in Germany as son of a Volkswagen executive, he studied at the University of Siegen.

In , he earned an MBA from the University of Hartford in Connecticut.[2]

Career

See also: 1Malaysia Development Berhad scandal

From to Leissner was employed by Goldman Sachs as investment banker. He became partner in and in chairman of the bank's Southeast Asia division.[2] He retired in January after an internal review found he sent a fake letter to Banque Havilland on behalf of Jho Low.[citation needed]

He was arrested in June in Washington, D.C..

In he pled guilty to charges he personally stole $ million from a Malaysian sovereign wealth fund 1 Malaysia Development Berhad (1MDB) and that he broke the Foreign Corrupt Practices Act (FCPA) by paying bribes to corrupt Malaysian and Emirati offices to get Goldman Sachs business.[3][4]

Leissner was banned for life by the Securities and Exchange Commission and forced to pay a $43 million fine.

As of he faced up to 25 years in prison.[5][6] but due to his cooperation has avoided spending any time in jail.[7]

In Goldman paid a record fine (over $5 billion) to the Malaysian and U.S. authorities over the scandal.[8][9] In , Bloomberg called Leissner "Goldman's most notorious banker."[10] He testified against his former deputy Roger Ng in a trial.[11] As of , Leissner has been free on bail of $20 million.[2]

Personal life

In , Leissner married Kimora Lee Simmons.

They have one child together, a son, born in [12][13][14] In February , it was revealed that Leissner and Simmons were estranged from each other, though it is not exactly clear when the couple split.[15]

At the time Leissner married Simmons, he was still married to his ex-wife, Judy Chan.

Leissner gave Simmons photoshopped documents showing that he was divorced from Chan, and created an email address in Chan's name to convince Simmons that the couple had divorced. He continued the correspondence for over a year and continued using the email account for several years.[16]

Reception

Leissner is portrayed in the book Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World by Tom Wright and Bradley Hope of The Wall Street Journal, which focuses on Jho Low, the purported mastermind behind the 1MDB scheme.

Kimora lee simmons children After graduation he went to work with Lehman Brothers where he represented the Asia-pacific region while working under them. March Tim was born in Banking Career In

The book was published in September

References

  1. ^" | SEC Charges Former Goldman Sachs Executive With FCPA Violations". . Retrieved
  2. ^ abc"Deutscher Ex-Goldman-Banker wird Kronzeuge im 1MDB-Prozess".

    WirtschaftsWoche. 14 February Retrieved

  3. ^Crow, David (December ).

    Tim leissner kimora lee simmons Before her famous career, she worked as an administrator for social security. Tim was one of the best students during his primary and high school days. February 28, The two first met in and after talking for a while they began dating.

    "Tim Leissner: Goldman Sachs banker at the heart of 1MDB scandal". Financial Times.

  4. ^Goldstein, Matthew (). "Ex-Goldman Sachs Partner Barred by S.E.C. Over 1MDB Scandal". The New York Times. ISSN&#; Retrieved
  5. ^Hale, Kori. "Goldman Sachs Takes A $1 Billion Hit Due To Ex-Hip Hop Banker".

    Forbes. Retrieved

  6. ^Hale, Kori. "Goldman Sachs Pays $ Billion In 1MDB Scandal, Leaves Ex-Hip Hop Banker Behind". Forbes.

  7. Tim leissner net worth
  8. Russell simmons
  9. Tim leissner wikipedia

    10. Retrieved

  10. ^Goldstein, Matthew (). "Ex-Goldman Sachs Banker Convicted for His Role in a $4 Billion Fraud". The New York Times. ISSN&#; Retrieved
  11. ^Goldstein, Matthew ().

    Tim leissner sentencing He has been in the banking sector since As of he faced up to 25 years in prison. He represented the Asia Pacific region under the Lehman Brothers. He was arrested in June in Washington, D.

    "Goldman Sachs Is Said to Admit Mistakes in 1MDB Scandal". The New York Times. ISSN&#; Retrieved

  12. ^Goldstein, Matthew; Flitter, Emily; Kelly, Kate (). "Goldman Sachs's Tactic in Malaysian Fraud Case: Smear an Ex-Partner".

  13. Tim leissner son
  14. Tim leissner judy chan
  15. Tim leissner ex wife
  16. Tim leissner net worth forbes
  17. Tim leissner where is he now

    18. The New York Times. ISSN&#; Retrieved

  18. ^Hurtado, Patricia (February 14, ). "Goldman's Most Notorious Banker Turns Star Witness in 1MDB Trial". Bloomberg.
  19. ^Bobby Caina Calvan (). "Ex-Goldman Sachs banker sentenced to 10 years in prison in 1MDB fraud".

    PBS. Retrieved

  20. ^"Kimora Lee Simmons has married Tim Leissner, Russell Simmons says". Los Angeles Times. February 20, Retrieved November 30,
  21. ^"Kimora Lee Simmons Welcomes Son Wolfe". .

    Tim leissner born Everipedia is now IQ. How tall is Tim Leissner's? Read also Who is Renee Portnoy? Home Biographies Tim Leissner.

    Retrieved

  22. ^Crow, David; Noonan, Laura (December 23, ). "Tim Leissner: Goldman Sachs banker at the heart of 1MDB scandal". Financial Times.
  23. ^"Kimora Lee Simmons' estranged husband testifies he photoshopped divorce papers to marry her". .

    Tim leissner net worth: They soon decided to tie the knot and then got married in After his high school graduation, he joined Siegen University, pursuing a Bachelor of Arts degree. Read also Ben Mallah's bio: wife, house, health updates, children. Los Angeles Times.

    February 28, Retrieved

  24. ^Hurtado, Patricia (March 9, ). "Ex-Goldman Banker Faked His Ex-Wife's Email to Spin Web of Lies". Bloomberg.