Malaysia Files Criminal Charges Against Goldman Sachs

[laserhaas]

Source: WSJ

Link to tweet

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HONG KONG—Malaysian authorities on Monday filed criminal charges against Goldman Sachs Group Inc. and a former partner of the bank in connection with the 1MDB financial scandal, the country’s attorney general said in a statement.

Goldman Sachs International and two Asian subsidiaries of the Wall Street bank were charged under securities laws for the the omission of material information and publishing of untrue statements in offering documents in 2012 and 2013 for the sale of international bonds by state investment fund.

Read more: https://www.wsj.com/articles/malaysia-files-criminal-charges-against-goldman-sachs-11545035899?redirect=amp#click=https://t.co/pCQRhQGczw

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Most are in the dark that Goldman Sachs/ Bain Capital are part of the Puerto Rico bond debacle; and Romney's running mate -

Ryan -bailed out Bain Capital in Puerto Rico.
https://theconservativetreehouse.com/2016/06/09/rat-fink-ryan-pushes-passage-of-puerto-rico-bain-capital-bond-seller-rescue-through-house/

[laserhaas]

1. Reportedly, Ryan (Mitt's former running mate) works on WS items

You can read the details of the “Rescue Bill’s” passage here. However, let me put a little depth behind the motivations therein. Remember, Ryan is working specifically on a Wall Street Legislative agenda package. Ryan ONLY works on Wall Street legislative agenda items.

Link to tweet

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[laserhaas]

2. Rumor has it that fiends caused Puerto Rico's crisis, and bought the debt

Only to then demand immediate, full, payment.

According to Wiki - Obama appointed a group; which included a person from the Ukraine (WTF!)
https://en.m.wikipedia.org/wiki/PROMESA

The -

Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) is a 2016 US federal law that established an oversight board, a process for restructuring debt, and expedited procedures for approving critical infrastructure projects in order to combat the Puerto Rican government-debt crisis.[1][2][3] Through PROMESA, the US Congress established an unelected Fiscal Control Board (FCB) to oversee the debt restructuring

Because of the United States' grip on the political economy of Puerto Rico and the subsequent enforcement of neoliberal economic frameworks, many critics argue that PROMESA uses the instability of Puerto Rico's economy as a means of gaining more control of the socio-economic and political autonomy of the local government in Puerto Rico.[31]

In 2017, Barry Sheppard wrote in Green Left Weekly that by 2014 when "the island's debt to US financial lenders hit US$73 billion," vulture capitalists bought the debt cheaply, demanded it be paid in full and that this law "created an un-elected seven-person financial board with sweeping powers over the island's economy" which was reaffirmed by the US Supreme Court with Sonia Sotomayor dissenting.[32]

Officers José Carrión Chair
Natalie Jaresko Executive Director
Jaime El Koury Legal Counsel
Noel Zamot Revitalization Coordinator
Christian Sobrino Vega Representative of the government of Puerto Rico

In March 2017, Natalie Jaresko, former Minister of Finance in Ukraine, was appointed as the board's executive director

[nitpicker]

3. From the BBC

https://www.bbc.com/news/business-46590176

(snip)
Malaysia filed the charges against Goldman Sachs and its former bankers Tim Leissner and Roger Ng. Mr Leissner served as Goldman's South East Asia chairman, and left the bank in 2016. Mr Ng was a managing director at Goldman until his departure in May 2014.

Malaysia has also brought charges against former 1MDB employee Jasmine Loo and financier Jho Low.
(snip)

Authorities in the US said billions of dollars were embezzled from the state fund to buy art, property, a private jet - and even to help finance the Wolf of Wall Street film starring Leonardo DiCaprio.
(snip)

[laserhaas]

4. GSachs stock already dropped $100 (losing $40 B in equity)

Ruh Rho .....

[Sherman A1]

5. Could be an "interesting" time

Ahead for Goldman Sachs.

[rampartc]

6. can regime change in kuala lampur be far behind?

expect "commie dictator worse than hitler" propaganda on a "news" channel near you.

[laserhaas]

7. Ain't that some shit!

Then a new - Handpick prosecutor - drops the case

After getting estates in 3 countries

Or a $50 million dollar NO BID - Deferred Prosecution Agreement contract.