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So Goldman Sachs is about to pay a hair under $2 billion and have some unimportant Asian subsidiary plead guilty to helping bilk Malaysia out of $6.5 billion, to get the Justice Department to shut up about the whole thing. Talks with the Malaysians are not going quite as well, what with their seeing $2 billion as a starting point for talks about the interest Goldman should have to pay, before getting into the meat of the matter.

“There is still a Pacific Ocean gulf between Malaysia and Goldman Sachs,” he said. “But as far as we’re concerned, the door to settlement is always open. They know where we are, they can come and see us if they want to find us….”

Malaysia will seek compensation from Goldman Sachs that includes the $6.5 billion value of bonds the bank arranged for 1MDB, as well as interest. That totals $8 billion to $9 billion, he said.

And if they don’t want to find them? Well, Attorney General Tommy Thomas will be happy to find those 17 current and former Goldman executives accommodations in a Malaysian prison.

Malaysia will press ahead with the prosecution of more than a dozen current and former Goldman Sachs directors “because we need them in the dock,” Attorney General Tommy Thomas said in a Friday interview. “The 17 directors committed crime in Malaysia, which is why they are being charged, so there is no reason why we are not going against them….”

Thomas said he’s focused on preparing to prosecute Goldman’s units and directors in a trial which he expects to start in the middle of next year….

“We prepare for the trial, and if there is settlement talks, we can do it simultaneously,” Thomas said in the interview at his office in Malaysia’s administrative capital of Putrajaya.

You know, just to see if a criminal prosecution sharpens the mind a bit. Door’s open, D-Sol.

Goldman Officers May See Trial as Malaysia Pursues 1MDB Case [Bloomberg]


(Goldman Sachs)

Current, Former Heads Of Goldman International Now Have Something Else In Common

But really, who at the bank hasn’t been indicted in Malaysia at this point?


Goldman Proves New Theory Of The Time Value Of Money

Wait for a politically convenient moment, pay less.

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 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?

Not a place Goldman is particularly interested in visiting. Two hundred percent. [CC BY-SA 2.5], from Wikimedia Commons

Malaysia Is Not Buying What Goldman’s Selling This Time

$6.5 billion in bond deals? Sure. This cockamamie story about how you didn’t know people were stealing almost half of it? No.


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.