Goldman To Pay $2.9B After Admitting Role In 1MDB Fraud

Law360 (October 22, 2020, 12:03 PM EDT) -- Goldman Sachs has agreed to pay $2.9 billion to resolve the U.S government's criminal investigation into the bank's role in the 1Malaysia Development Bhd. scandal, counsel for the bank said during a Thursday morning hearing in New York federal court.

Goldman Sachs agreed Thursday to pay $2.9 billion to resolve the U.S. government's criminal investigation into the bank's role in the 1MDB scandal. (AP Photo/Mark Lennihan) The bank's Malaysian subsidiary pled guilty before a Brooklyn federal judge to violating the Foreign Corrupt Practices Act, while the megabank itself settled bribery charges with a deal that includes a $2.3 billion fine and...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!