«I’m ashamed,» Ng told the judge. He continues to deny charges that he conspired to launder money.
A former Goldman Sachs banker was sentenced Thursday to 10 years in prison for his role in looting a Malaysian development fund of billions of dollars used to finance lavish parties, a superyacht, premium real estate and even the 2013 film «The Wolf of Wall Street.»
Roger Ng was convicted last April by a U.S. District Court jury in Brooklyn, but he continues to deny charges that he conspired to launder money and violated two anti-bribery laws.
Prosecutors said Ng and his co-conspirators helped the Malaysian fund, known as 1MDB, raise $6.5 billion through bond sales — only to participate in a scheme that siphoned off more than two-thirds of the money, some of which went to pay bribes and kickbacks.Plea for mercy
Reading from a prepared statement, Ng pleaded for mercy from U.S. District Judge Margo Brodie.
«I’m embarrassed. I’m ashamed,» he told the judge.
«I don’t want to live in resentment,» he said. «I want to redeem myself.»
The judge admonished Ng: «The only explanation for your conduct is greed.»
Ng had hoped that he would avoid prison time and be allowed to return to Malaysia, where he faces a separate prosecution. His lawyers argued that incarceration would worsen his «serious mental health condition.
