A $3.9 Billion Settlement: Timeline of the 1MDB Scandal | WSJ

by News Update

Billions of dollars that went missing from Malaysia’s 1MDB has become one of the biggest financial scandals ever, with Goldman Sachs agreeing to pay the U.S. government more for its involvement than it did after the 2008 crisis. Here’s how the alleged fraud happened and then fell apart. Photo Composite: Adam Falk

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33 comments

Aschraffff October 26, 2020 - 11:51 PM

Steal billions get a fine, steal a few dollars get jail for life.

Matthew Stinar October 27, 2020 - 12:01 AM

The real shocker of it all is that anyone is shocked at all. This is how things have worked for a long time. If it's so appalling, then thousands of people need to be put on trial and sentenced to prison. But instead, those with the power to act are content to collect their share of the proceeds of crime.

Tan S October 27, 2020 - 12:03 AM

Depressing

John Smith October 27, 2020 - 12:03 AM

Someone needs to teach that boy how to say archipelago.

V K October 27, 2020 - 12:09 AM

FYI: Najib out on bail and currently helping his political party to gain voters confidence for the upcoming election.

asi somos tijuana October 27, 2020 - 12:29 AM

Note to self if youre doing something illegal dont buy things in USA ?? or throw partys in USA ??

Taj Abdullah October 27, 2020 - 12:33 AM

USD6.5 billion raised & $4.5B went missing. The bank knew. They must refund full amount to Malaysia ??, $6.5B.

Andrew Ballard October 27, 2020 - 12:34 AM

oh wait this isn't about the IMDB…

Hassan Faheem October 27, 2020 - 12:34 AM

There’s a whole documentary on Netflix about it. An episode on Dirty Money I believe?

SoCalFreelance October 27, 2020 - 1:11 AM

Same thing recently with the Purdue Pharma Sackler Family. They pay a small fine, walk away with billions, nobody goes to jail.

fjesj ch October 27, 2020 - 1:14 AM

A true genius Mr Low.. Meet him once in Singapore at Park Royal, very charming and intelligent man… Def wrongfully scapegoated by the corrupt Malaysian opposition

colin phang October 27, 2020 - 1:16 AM

Pencuri Tun Razak

Asdas Fff October 27, 2020 - 1:25 AM

Notes for future:
Turkish Wealth Fund will share same destiny with the 1MDB. WSJ may start to investigate.

Michael Wang October 27, 2020 - 1:27 AM

Stealing from government public funds? that's "low"!

Ernest Kwok October 27, 2020 - 1:31 AM

The funny thing is while M was voted in again in 2018 and he's one of the biggest corrupted pioneers in Malaysia! ?‍♂️

keesiang Wong October 27, 2020 - 1:38 AM

Najib supporters be like fake news!

Buzios October 27, 2020 - 1:42 AM

1MDB aka Goldman Sachs.

Jun Zheng October 27, 2020 - 1:46 AM

Jow Lo is son of Head of CCP CHINESE COMMUNIST PARTY national security (illegitimate son with Malasia woman). Lo had so much money and power because his father Meng who is still in power today.
CCP =gangsters. Goldman is CCP partners.

rod axel October 27, 2020 - 1:48 AM

If it was the same story with the corrupt heads of state around the world…

James Robinson October 27, 2020 - 1:49 AM

I appreciate that I just added to the $400 trillion-dollar I don't know how much 3.9billions you said but you can just add to my account cuz these people think I'm broke in America no disrespect to y'all and I appreciate y'all doing business with me in a world trade center and I fixed the problem with covid-19 400 million dollars tax free we need to sit down and have some real business. And I'll play for my brother's surgery Derek Prescott 4 QB $400 million dollars real life story Jerry Jones injury report week Tony Romo Troy aikman interview with the Dallas Cowboys organization real life contract. icedaddy2003@gmail.com.keep documents Jose Baez supreme Court Justice Bear county in San Antonio Texas the alamodome.

回憶就是要美美的 October 27, 2020 - 2:00 AM

Low is lying low

Ahmed Kamal Khedr October 27, 2020 - 2:30 AM

I feel for the good people of Malaysia

Bill Buffett October 27, 2020 - 2:33 AM

They should hire the girl with the dragon tattoo, she can find the money

Con Man October 27, 2020 - 2:41 AM

Goldman Sucks

Matthew Brooker October 27, 2020 - 2:44 AM

When will the film come out?

ck LIM October 27, 2020 - 2:51 AM

One stold a lot of M. and fined only a cent. Really like s new business entity and motivates more others to copy. money is king and roam freely in.a world of his class. One person law is more powerful than law of the land.

focusezz October 27, 2020 - 3:05 AM

yo this guy pronounces archipelago like a person who can't read

Ink tray October 27, 2020 - 3:08 AM

And as usual, no arrests. No indictments. A 2 tiered justice system.

Ajaz Abdullah October 27, 2020 - 3:13 AM

Why isn't a large portion of the Goldman (Government) Sachs fine/settlement with the US authorities being paid to the Malaysian government?

Ankur Sharma October 27, 2020 - 3:26 AM

Goldman paid $2.9 billion to settle.
But the WSJ video subject line here says $3.9B, is it a typo?

Anna in Vermont U.S.A October 27, 2020 - 3:35 AM

Who gives a fluck.. bunch of creeps in hollyweird.

0 0 October 27, 2020 - 3:40 AM

Why does he keep saying a word, that he doesn’t know? ˌärkəˈpeləˌɡō

Ozzy Mandias October 27, 2020 - 3:43 AM

Most rotten companies are the banks and the audit companies eg K**pm**g

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