Goldman Sachs Group Inc. will pay about $2.8 billion and admit wrongdoing to end a bribery probe that stretched from Southeast Asia to Hollywood and reinforced a reputation for scandal that the Wall Street firm has spent years trying to shed. The settlement with the Justice Department, expected as soon as this week, would resolve an investigation into Goldman’s work for a corrupt Malaysian government fund known as 1MDB, people familiar with the matter said. Prosecutors have accused an international cast of characters—including...

Source: Wall Street Journal October 20, 2020 14:11 UTC