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Three years ago, when Michael Sherwood stepped down as Goldman Sachs’ top man in London, he was replaced by one Richard Gnodde. Where else have I seen those names in such close proximity? Oh right, among the 17 indictments handed down in Kuala Lumpur last week over that whole 1MDB thing.

Among the current and former Goldman employees charged Friday are two members of Goldman’s top executive committee: Richard Gnodde, who runs the bank’s international operations, and Robin Vince, its chief risk officer. Others include Michael Sherwood, who was overseeing Goldman’s trading operation at the time of the scandal but is no longer with the bank, and Michael Evans, a senior executive at the time of the 1MDB dealings who is now president of Chinese e-commerce company Alibaba Group Holding Ltd…. The charges on Friday came under a Malaysian law that holds senior executives responsible for any offense that may have been committed on their watch, Malaysia’s attorney general, Tommy Thomas, said. Malaysia has also leveled allegations against three Goldman subsidiaries operating in the region.

This is not exactly what DJ D-Sol needs right now, although it’s not like he worked all that closely with the men involved. Oh, wait, he did? Bummer. Indeed, the only people who are breathing a sigh of relief right now are the ones who picked Christian Sewing over Gnodde to lead that other 1MDB tire fire, Deutsche Bank.

Malaysia Charges Goldman Sachs Executives in 1MDB Scandal [WSJ]
Malaysia Charges Goldman Sachs Executives in 1MDB Scandal [NYT]


Goldman Sachs Balds 2

(Taking Back) Bonus(es) Watch: Current, Former Goldman Sachs CEOs

$5.1 billion in fines demands a $174 million decrease in the comfort of millionaires.


Goldman Proves New Theory Of The Time Value Of Money

Wait for a politically convenient moment, pay less.


Goldman Said Sorry, Doesn’t Think It Should Have To Also Say ‘Guilty’

Also, isn’t a $2 billion fine for ripping a country off of $6.5 billion sort of excessive, when you think about it, Attorney General Barr?


Ex-Goldman Partner As Good At Forging Divorce Papers As He Was At Bribing Malaysian Officials

How one man was married to three women at the same time, and how it may sink the case against his old friend.

By Beyond My Ken (Own work) [GFDL or CC BY-SA 4.0-3.0-2.5-2.0-1.0], via Wikimedia Commons

Was Everyone At The SDNY Sick The Day They Taught Discovery At Law School?

There is a pattern developing, and not a good one if the Justice Department ever wants another Wall Street fraud conviction to stick.


Where Do You Keep Your $24,000 In Backup Cash, Goldman Exec Would Like To Know

Oh? You don’t have $24,000 in cash lying around? I see.


The Most Expensive Fried Rice In History

All it took to earn the former 1MDB CEO’s confidence was some lavish praise for his nasi goring.