Overview
- On May 29, U.S. Judge Margo Brodie handed Leissner a 24-month prison term for orchestrating bribes and laundering funds tied to Malaysia’s 1MDB sovereign wealth fund.
- Leissner pleaded guilty in 2018 to conspiracy under the Foreign Corrupt Practices Act and money laundering after admitting that $4.5 billion was siphoned from 1MDB through bond offerings.
- Prosecutors highlighted his “extraordinary” assistance, including detailed debriefings and testimony that secured the 10-year sentence of former colleague Roger Ng.
- Malaysia’s Commodities Minister Johari Abdul Ghani condemned the sentence as too lenient for one of the scandal’s architects.
- Leissner must report to prison on September 15, has forfeited over $43 million under his plea deal, and investigations continue into fugitive financier Jho Low.