On the Insert tab, the galleries include items that are designed to coordinate with the overall look of your document. You can use these galleries to insert tables, headers, footers, lists, cover pages, and other document building blocks. When you create pictures, charts, or diagrams, they also coordinate with your current document look.
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You can easily change the formatting of selected text in the document text by choosing a look for the selected text from the Quick Styles gallery on the Home tab. You can also format text directly by using the other controls on the Home tab. Most controls offer a choice of using the look from the current theme or using a format that you specify directly.
To change the overall look of your document, choose new Theme elements on the Page Layout tab. To change the looks available in the Quick Style gallery, use the Change Current Quick Style Set command. Both the Themes gallery and the Quick Styles gallery provide reset commands so that you can always restore the look of your document to the original contained in your current template.
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Leissner cooperated with authorities, aiding 1MDB investigation
*
Goldman Sachs fined $3 billion, Malaysian unit pleaded guilty
*
Ex-colleague Roger Ng previously sentenced to 10
years, transported to Malaysia for probes
*
Malaysian minister urges maximum jail term for Leissner
(Adds Malaysian minister’s response; paragraphs 13-14)
By Saeed Azhar
NEW YORK, May 29 (Reuters) – Former Goldman Sachs banker
Tim Leissner was sentenced to two years in prison by a judge in a
New York court on Thursday after playing a key role in a
multi-billion dollar scandal involving Malaysia’s
sovereign fund 1MDB. Malaysian and U.S. authorities estimated $4.5
billion was stolen from 1MDB in an elaborate scheme that spanned the globe
and implicated high-level officials in the fund, former Malaysian Prime Minister Najib Razak,
Goldman executives and others. Leissner, a former Southeast
Asia chairman for Goldman, pleaded guilty in 2018 to a conspiracy to violate
the Foreign Corrupt Practices Act and participating in a
money laundering conspiracy, all tied to his role in the 1MDB
scandal.
Leissner’s conduct was “brazen and audacious,” judge Margo Brodie said during
sentencing. While his cooperation with the government was taken into account, it did not make up for the harm caused by
the corruption at the highest levels in several countries, the judge said.
“First and foremost, I offer my sincere apology to the people of Malaysia,” Leissner, 55, told the hearing, his voice breaking as he read a statement.
“I deeply regret my actions.”
Goldman helped sell $6.5 billion of bonds for 1MDB, which former Malaysian Prime Minister Najib set up with the help of Low to promote economic development.
Some of the funds were diverted to offshore bank accounts and
shell companies linked to Malaysian financier Jho Low, who is now a fugitive.
Leissner became a U.S. government witness in the case after his arrest
in 2018. He was allowed to remain free after he agreed
to help the government in the investigation and testified against former banking colleague Roger Ng.
Ng has pleaded not guilty to charges of conspiring to launder money and violate
an anti-bribery law. The former head of investment banking for Goldman in Malaysia was convicted in Brooklyn and sentenced to 10 years in prison,
but transported to Malaysia in 2023 to assist probes there.
Leissner met with the government on dozens of occasions, reviewing countless
documents and communications he received related to the 1MDB
scheme and other matters, according to a filing by prosecutors.
“We respect the court’s decision today and Mr. Leissner is prepared to serve his sentence and continue his future life of good works and care for his family,” said his lawyer Henry Mazurek, a partner at Meister Seelig & Fein PLLC.
Prosecutors requested the court impose a sentence below the
applicable guidelines range due to Leissner’s cooperation in the probe.
Malaysian minister Johari Abdul Ghani, who chairs its 1MDB asset recovery taskforce, said
the two-year prison term for Leissner was
“too short”
.
“Considering he is one of the masterminds facilitating the 1MDB scandal, he should be given a maximum jail sentence,” Johari told Reuters in a text message on Friday.
ONLY CRIMINAL CASE AGAINST GOLDMAN
Leissner told the court that he had lost his freedom, family
and financial independence in the wake of the scandal.
The former executive said his health also suffered, and that he took pills and lost the will to live.
Goldman said in a letter to the court on May 21 that Leissner
deceived his colleagues for years, culminating in the only criminal case filed against
Goldman in its 156-year history.
Goldman in 2020 paid a record $2.9 billion fine in the United States and arranged for its Malaysian unit to plead guilty in U.S.
court. It also clawed back $174 million in executive compensation.
Malaysia’s former prime minister Najib was found guilty in 2020 of criminal
breach of trust and abuse of power for illegally receiving funds misappropriated from a unit
of state investor 1Malaysia Development Berhad.
Malaysia’s top court in 2022 upheld a guilty verdict against Najib, sentencing him to
12 years in prison. The sentence was later halved by a pardons board chaired by Malaysia’s former king.
The former premier is currently in prison and is pursuing a legal bid to
compel authorities to let him serve the rest of his sentence at home.
(Reporting by Saeed Azhar, additional reporting by Nupur Anand, Ashley Tang and Danial Azhar
in Kuala Lumpur, editing by Lananh Nguyen, Chizu
Nomiyama, Nia Williams and Nick Zieminski)
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