Tim Leissner, husband of Kimora Lee Simmons, has reportedly been involved in an international money scandal.
According to the New York Post, the scandal involves Tim Leissner, the Singapore-based chairman of Goldman’s Southeast Asia operations, who reportedly left that country and relocated to Los Angeles on a leave of absence from the firm.
Per the reports, Leissner assisted in setting up a state fund called 1Malaysia Development Berhad (1MDB). He was paid sky-high commissions for bond sales. Then $681 million tied to the fund mysteriously turned up in the bank account of Malaysian Prime Minister Najib Razak.
Currently it is reported that “the FBI is investigating all of the transactions of 1MBD in concert with wider probes of money-laundering allegations spanning five countries.”
Some of the transactions reflect a relationship between Goldman and the government.
How does this involve Leissner you ask? Well he had access to the highest levels of government in Malaysia and may have likely made millions from Goldman deals he led.
As of now emails to Leissner at Goldman came back with the message: “I am currently out of the office on personal leave with no access to emails,” and calls to his voicemail were not returned.
Goldman has declined to comment.
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