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Ng Ordered To Forfeit $35.1 Million

RogerNg

In April 2022, Roger Ng (a former Goldman Sachs managing director) was found guilty at trial of Foreign Corrupt Practices Act and related charges for paying bribes to various Malaysian and Abu Dhabi officials in connection with Malaysia’s state-owned and state-controlled investment development company. See here.

Earlier this month, Judge Margo Brodie (E.D.N.Y.) sentenced Ng to 10 years in prison. (See here for the DOJ release). The ten year sentence for FCPA (and related crimes) is among the longest in FCPA history.

Last week, Judge Brodie also ordered Ng to forfeit $35.1 million (see here for the order).

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Ng Sentenced To 10 Years In Prison

RogerNg

In April 2022, Roger Ng (a former Goldman Sachs managing director) was found guilty at trial of Foreign Corrupt Practices Act and related charges for paying bribes to various Malaysian and Abu Dhabi officials in connection with Malaysia’s state-owned and state-controlled investment development company. See here.

As highlighted in this recent post, Ng sought a “time served” sentence while detailing his “tremendous suffering, all of it imposed by the U.S. government” over the last 4.5 years.

As highlighted in this recent post, the DOJ sought a 15 year sentence for Ng.

Yesterday, Judge Margo Brodie (E.D.N.Y.) sentenced Ng to 10 years in prison. (See here for the DOJ release). The ten year sentence for FCPA (and related crimes) is among the longest in FCPA history.

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DOJ Seeks A 15 Year Sentence For Ng

Prison

As highlighted in this recent post, former Goldman Sachs managing director Roger Ng (found guilty at trial in 2022 of FCPA and related charges for paying bribes to various Malaysian and Abu Dhabi officials in connection with Malaysia’s state-owned and state-controlled investment development company) is seeking a “time served” sentence.

Sentencing is set for later this week and Judge Margo Brodie (E.D.N.Y.) will have quite the range to ponder as the DOJ is seeking a 15 year sentence for Ng.

A recent sentencing submission states in summary fashion:

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In Requesting Time Served, Ng Details His “Tremendous Suffering, All Of It Imposed By The U.S. Government” Over the Last 4.5 Years

RogerNg

As highlighted here, in November 2018 the DOJ announced criminal Foreign Corrupt Practices Act (and related charges) against individuals associated with Goldman Sachs – including Roger Ng (a former managing director at Goldman Sachs) – for paying bribes to various Malaysian and Abu Dhabi officials in connection with 1Malaysia Development Berhad (1MDB), Malaysia’s state-owned and state-controlled investment development company. The individuals were also charged with conspiring to launder billions of dollars embezzled from 1MDB.

In April 2022, Ng was found guilty at trial of FCPA and related charges.

With sentencing looming, Ng’s counsel stated, in summary fashion, as follows in a recent sentencing memorandum.

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Friday Roundup

Roundup

Checking in with Firtash, what the …?, if only it were that simple, and for the reading stack.

It’s all here in the Friday roundup.

Checking In With Firtash

As highlighted in this prior post, in April 2014 the DOJ announced the unsealing of a criminal indictment charging six individuals “with participating in an alleged international racketeering conspiracy involving bribes of state and central government officials in India to allow the mining of titanium minerals.” Among the defendants was high-profile Ukrainian businessman Dmitry Firtash.

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