A former banker from a major Wall Street firm just had his final appeal rejected. Roger Ng, who was convicted for his role in orchestrating the massive 1MDB scandal, won't be getting out of his sentence. This case involved the theft of billions from a Malaysian sovereign wealth fund—easily ranking among the most staggering financial frauds ever uncovered. His legal team threw everything at overturning the conviction, but federal courts weren't having it. The 1MDB saga continues to stand as a textbook example of institutional corruption at the highest levels.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
14 Likes
Reward
14
7
Repost
Share
Comment
0/400
WhaleMinion
· 15h ago
Uh, so, this guy is really gone, and even an appeal is useless.
View OriginalReply0
NftBankruptcyClub
· 15h ago
Damn, another big shot got taken down, even the appeal was rejected? Honestly, this 1MDB case is a textbook example of money and power trading hands.
View OriginalReply0
TerraNeverForget
· 15h ago
Oh no, another big shot has fallen. Even having so much money that it burns your hands can't save you.
View OriginalReply0
FreeRider
· 15h ago
Hundreds of millions of dollars vanished without a trace, and this guy still wants a comeback? Hilarious.
View OriginalReply0
0xDreamChaser
· 16h ago
Embezzling tens of billions and still wanting to reverse the verdict? Dream on, even Wall Street's white gloves have to go in.
View OriginalReply0
degenonymous
· 16h ago
Billions just vanished like that; you really can't trust anyone on Wall Street.
View OriginalReply0
GateUser-00be86fc
· 16h ago
Well, that's it. Another big shot has fallen. These Wall Street guys really know how to play.
A former banker from a major Wall Street firm just had his final appeal rejected. Roger Ng, who was convicted for his role in orchestrating the massive 1MDB scandal, won't be getting out of his sentence. This case involved the theft of billions from a Malaysian sovereign wealth fund—easily ranking among the most staggering financial frauds ever uncovered. His legal team threw everything at overturning the conviction, but federal courts weren't having it. The 1MDB saga continues to stand as a textbook example of institutional corruption at the highest levels.