By now the broad outlines of the 1MDB scandal, or at least its most salacious details, are well known on Wall Street. Ng, the former head of investment banking in Malaysia, is charged with helping Jho Low and Leissner launder billions of dollars embezzled from 1Malaysia Development Bhd, or 1MDB. Jho Low, the alleged mastermind of the fraud, has denied wrongdoing and remains at large. Ng has said he was the first to inform Goldman Sachs compliance about Jho Low, sending “red flag warnings” not to do business with him. Even if he prevails in the U.S., his legal battle won’t end there: He still faces separate trial in Malaysia.
