Latest news with #Goldman
Business Insider
a day ago
- Business
- Business Insider
BRP (DOOO) Gets a Hold from Scotiabank
Scotiabank analyst Jonathan Goldman maintained a Hold rating on BRP (DOOO – Research Report) yesterday and set a price target of C$67.00. The company's shares closed yesterday at $44.00. Confident Investing Starts Here: Goldman covers the Consumer Cyclical sector, focusing on stocks such as Magna International, Linamar, and BRP. According to TipRanks, Goldman has an average return of 6.0% and a 48.78% success rate on recommended stocks. In addition to Scotiabank, BRP also received a Hold from National Bank's Cameron Doerksen in a report issued yesterday. However, on the same day, Stifel Nicolaus upgraded BRP (NASDAQ: DOOO) to a Buy.
Yahoo
2 days ago
- Business
- Yahoo
Judge sets July 3 date for O.J. Simpson estate claims
LAS VEGAS (KLAS) — A Las Vegas judge set a date to determine some of the claims made by the Goldman family against O.J. Simpson's estate. Simpson, a football star and celebrity acquitted of the 1994 murders of his ex-wife, Nicole Brown Simpson, and her friend, Ron Goldman, died in Las Vegas on April 10, 2024, at the age of 76. While Simpson was not found guilty of the deaths, he was found liable in a civil case and ordered to pay both families $33.5 million. The money was never paid. After Simpson's death, multiple news agencies reported that Simpson's executor, attorney Malcom LaVergne, vowed he would fight any claims for settlement money from Goldman's family. Father of Ron Goldman files $117M claim against O.J. Simpson's estate Over the years, the claim increased due to interest owed, more than $20 million, and three separate judgments that renewed the amount to more than $96 million. In July 2024, Goldman's father, Fred Goldman, filed a creditor's claim of $117 million against the estate. The hearing is set for July 3 at the Clark County District Court. At that time, the judge could determine how much money the Goldmans would receive from the sale of some of the O.J. Simpson sports memorabilia, including a Heisman Trophy replica, his Lombardi Award Trophy, golf clubs, and his car. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Barnama
2 days ago
- Business
- Barnama
Ex-Goldman Banker Leissner Sentenced to Two Years in Prison In 1MDB Case
NEW YORK, May 29 (Reuters) -- Former Goldman Sachs GS.N banker Tim Leissner was sentenced to two years in prison by a judge in a New York court on Thursday after playing a key role in a multi-billion dollar scandal involving Malaysia's sovereign fund 1Malaysia Development Berhad (1MDB). Malaysian and United States (US) authorities estimated US$4.5 billion was stolen from 1MDB in an elaborate scheme that spanned the globe and implicated high-level officials in the fund, former Malaysian Prime Minister Najib Razak, Goldman executives and others. Leissner, a former Southeast Asia chairman for Goldman, pleaded guilty in 2018 to a conspiracy to violate the Foreign Corrupt Practices Act and participating in a money laundering conspiracy, all tied to his role in the 1MDB scandal. bootstrap slideshow Leissner's conduct was "brazen and audacious," judge Margo Brodie said during sentencing. While his cooperation with the government was taken into account, it did not make up for the harm caused by the corruption at the highest levels in several countries, the judge said. "First and foremost, I offer my sincere apology to the people of Malaysia," Leissner, 55, told the hearing, his voice breaking as he read a statement. "I deeply regret my actions." Goldman helped sell US$6.5 billion of bonds for 1MDB, which former Malaysian Prime Minister Najib set up with the help of Low to promote economic development. Some of the funds were diverted to offshore bank accounts and shell companies linked to Malaysian financier Jho Low, who is now a fugitive. Leissner became a US government witness in the case after his arrest in 2018. He was allowed to remain free after he agreed to help the government in the investigation and testified against former banking colleague Roger Ng. Ng has pleaded not guilty to charges of conspiring to launder money and violate an anti-bribery law. The former head of investment banking for Goldman in Malaysia was convicted in Brooklyn and sentenced to 10 years in prison, but transported to Malaysia in 2023 to assist probes there.
TimesLIVE
2 days ago
- Business
- TimesLIVE
Ex-Goldman banker Leissner sentenced to two years in prison in 1MDB case
Former Goldman Sachs banker Tim Leissner was sentenced to two years in prison by a judge in a New York court on Thursday after playing a key role in a multi-billion dollar scandal involving Malaysia's sovereign fund 1MDB. Malaysian and US authorities estimated $4.5bn (R80.38bn) was stolen from 1MDB in an elaborate scheme that spanned the globe and implicated high-level officials in the fund, former Malaysian prime minister Najib Razak, Goldman executives and others. Leissner, a former Southeast Asia chair for Goldman, pleaded guilty in 2018 to a conspiracy to violate the Foreign Corrupt Practices Act and participating in a money laundering conspiracy, all tied to his role in the 1MDB scandal. Leissner's conduct was 'brazen and audacious', judge Margo Brodie said during sentencing. While his co-operation with the government was taken into account, it did not make up for the harm caused by the corruption at the highest levels in several countries, the judge said. 'First and foremost, I offer my sincere apology to the people of Malaysia,' Leissner, 55, told the hearing, his voice breaking when he read a statement. 'I deeply regret my actions.' Goldman helped sell $6.5bn (R116bn) of bonds for 1MDB, which Najib set up with the help of Malaysian financier Jho Low to promote economic development. Some funds were diverted to offshore bank accounts and shell companies linked to Low, who is now a fugitive.
The Star
2 days ago
- Business
- The Star
Ex-Goldman banker Leissner apologises to Malaysians after being sentenced to two years in prison in 1MDB case
Tim Leissner, former chairman of Southeast Asia for Goldman Sachs Group Inc., exits federal court in the Brooklyn borough of New York, US, on Thursday, May 29, 2025. Leissner, who pleaded guilty to helping loot the Malaysian investment fund 1MDB, was sentenced to two years in prison over his role in the massive fraud. Photographer: Yuki Iwamura/Bloomberg PETALING JAYA: Former Goldman Sachs banker Tim Leissner apologised to Malaysians for his involvement in the 1Malaysia Development Bhd (1MDB) scandal, according to Reuters. "First and foremost, I offer my sincere apology to the people of Malaysia," Leissner, 55, told the hearing, his voice breaking as he read a statement. "I deeply regret my actions." He said this after being sentenced to two years in prison by a judge in a New York court on Thursday after playing a key role in a multi-billion-dollar scandal involving Malaysia's sovereign fund 1MDB. Malaysian and United States authorities estimated US$4.5bil was stolen from 1MDB in an elaborate scheme that spanned the globe and implicated high-level officials in the fund, former Malaysian prime minister Datuk Seri Najib Razak, Goldman executives and others. Leissner, a former South-East Asia chairman for Goldman, pleaded guilty in 2018 to a conspiracy to violate the Foreign Corrupt Practices Act and participating in a money laundering conspiracy, all tied to his role in the 1MDB scandal. Leissner's conduct was "brazen and audacious," judge Margo Brodie said during sentencing. While his cooperation with the government was taken into account, it did not make up for the harm caused by the corruption at the highest levels in several countries, the judge said. Goldman helped sell US$6.5bil of bonds for 1MDB, which former Malaysian prime minister Najib set up with the help of Low to promote economic development. Some of the funds were diverted to offshore bank accounts and shell companies linked to Malaysian financier Jho Low, who is now a fugitive. Leissner became a US government witness in the case after his arrest in 2018. He was allowed to remain free after he agreed to help the government in the investigation and testified against former banking colleague Roger Ng. Ng has pleaded not guilty to charges of conspiring to launder money and violate an anti-bribery law. The former head of investment banking for Goldman in Malaysia was convicted in Brooklyn and sentenced to 10 years in prison, but was transported to Malaysia in 2023 to assist probes there. Leissner met with the government on dozens of occasions, reviewing countless documents and communications he received related to the 1MDB scheme and other matters, according to a filing by prosecutors. "We respect the court's decision today and Mr. Leissner is prepared to serve his sentence and continue his future life of good works and care for his family," said his lawyer, Henry Mazurek, a partner at Meister Seelig & Fein PLLC. Prosecutors requested that the court impose a sentence below the applicable guidelines range due to Leissner's cooperation in the probe. Malaysian minister Johari Abdul Ghani, who chairs its 1MDB asset recovery taskforce, said the two-year prison term for Leissner was "too short". "Considering he is one of the masterminds facilitating the 1MDB scandal, he should be given a maximum jail sentence," Johari told Reuters in a text message on Friday. Only criminal case against Goldman Leissner told the court that he had lost his freedom, family and financial independence in the wake of the scandal. The former executive said his health also suffered, and that he took pills and lost the will to live. Goldman said in a letter to the court on May 21 that Leissner deceived his colleagues for years, culminating in the only criminal case filed against Goldman in its 156-year history. Goldman in 2020 paid a record US$2.9bil fine in the United States and arranged for its Malaysian unit to plead guilty in a US court. It also clawed back US$174mil in executive compensation. Malaysia's former prime minister Najib was found guilty in 2020 of criminal breach of trust and abuse of power for illegally receiving funds misappropriated from a unit of state investor 1Malaysia Development Berhad. Malaysia's top court in 2022 upheld a guilty verdict against Najib, sentencing him to 12 years in prison. The sentence was later halved by a pardons board chaired by Malaysia's former king. The former premier is currently in prison and is pursuing a legal bid to compel authorities to let him serve the rest of his sentence at home.
