Seven years ago Kimora Lee Simmons' estranged husband, Tim Leissner, pled guilty to corruption charges in connection with a billion dollar international bond scheme [click here if you missed that].
Tim has been sentenced to two years behind bars...
From The NY Post
Tim Leissner, the former Goldman Sachs banker who played a central role in the infamous 1MDB scandal, was sentenced Thursday to two years in prison for helping orchestrate one of the largest financial crimes in history.
Leissner, who pleaded guilty in 2018 to conspiracy charges, admitted to working with fellow banker Roger Ng and Malaysian financier Jho Low to siphon billions from Malaysia’s sovereign wealth fund, 1Malaysia Development Bhd.
The sentencing, delivered by US District Judge Margo Brodie in Brooklyn federal court, marked a major milestone in the yearslong investigation into the global bribery scheme that led to billions in penalties for Goldman Sachs and drew intense scrutiny from US and Malaysian authorities.
The scandal, which helped fund extravagant spending sprees and even the production of the Hollywood hit “The Wolf of Wall Street,” also dragged Leissner’s personal life into the spotlight — most notably his high-profile marriage to his now-estranged fashion mogul wife Kimora Lee Simmons.
Leissner, a German-born former partner and chief of Southeast Asia operations at Goldman, admitted to lying to colleagues, creating fake email accounts and forging documents — including to deceive Simmons about his marital status.
Prosecutors said Leissner personally received more than $50 million in kickbacks as part of a scheme that saw over $2.7 billion embezzled from 1MDB.
The funds were allegedly used to bribe officials in Malaysia and Abu Dhabi, fund lavish lifestyles, and finance luxury assets like real estate, fine art and the Martin Scorsese-directed “Wolf of Wall Street.”
During Thursday’s hearing, Judge Brodie acknowledged Leissner’s cooperation with the government but said it didn’t excuse the enormous harm caused.
“In the end your cooperation did not completely make up for the harm and devastation that you knowingly caused,” she said.
Leissner, who had faced up to 25 years in prison, will report to begin his sentence on Sept. 15.
Leissner had asked to avoid prison altogether, saying in a letter to the court that his crimes had cost him his career, marriage, and time with his children.
“If I could turn back time, I would and I would do so without hesitation,” he said through tears at sentencing.
“Unfortunately, that is not possible.”
13 comments:
A clear reflection on Kimora Lee Simmons.
A clear reflection on Kimora Lee Simmons.
Good for him. Now Put his crooked A$$ in the clink.
Pras from The Fugees is up next for sentencing from The Feds regarding this same criminal matter. Should be interesting how much time he gets.
2yrs is nothing. Dump pardon on the way.
I missed the story of her divorcing him. No wonder she's trying to push the TV show for that failed Baby Phat Label. LOLO
It says estranged wife not ex wife did Kimora not divorce this man? Mind you he was married to someone else. I believe this man was the first to tell so will get less time than anyone and I think pras was still sitting around lying and saying he innocent see we don’t understand the difference in cooperating to get less time vs lying and doubling down admitting guilt and expressing remorse gets less time often times black men won’t do that that’s another reason they get more time all the evidence points to you to ahhh is on camera and you still in this court room lying you getting the book thrown at you
Kimora sure knows how to pick them!
4:35pm exactly
She got played and played Rush in the process
This who Kimora let slide
Money and the power gotten by I’ll gain. Oh well. Clink Clink.
A couple of years for this type of crime is a slap on the wrist. He felt he did not deserve even this. The pain of losing a couple of bitshes and being caught,and the shame of it all was enough punishment he felt. White power is something else.
Kimora thought because he was white he was legit. Smiling shucking and Jiving white boy. There all around us.
Well for the next 2 years Kimora X Birdman can continue doing their thing in peace. Toni not going nowhere. And Puffy in jail. and when Tim comes out he can get the rest of the money he stole. Looks like its all good
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