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  3. Tim Leissner - Wikipedia
Tim Leissner - Wikipedia
From Wikipedia, the free encyclopedia
Tim Leissner
Born (1969-11-02) November 2, 1969 (age 56)
OccupationInvestment banker
Known for1MDB Fraud
TitleChairman of Southeast Asia and Managing Director of Goldman Sachs
Spouse(s)
Judy Chan
​
​
(m. 2000, divorced)​

​
​
(m. 2014; sep. 2022)​
Children2

Tim Leissner (born November 2, 1969) is a German-born investment banker and convicted felon. As managing director at Goldman Sachs and chairman of the bank's Southeast Asia division[1] Leissner helped orchestrate the 1Malaysia Development Berhad scandal, one of the biggest financial scandals in history, in which billions of dollars were stolen. He was arrested in June 2018 in Washington, D.C., forced to pay a $43 million fine. As of 2020, he faced up to 25 years in prison, but due to his cooperation has avoided spending any time in jail. On 29 May 2025 Leissner was sentenced to two years in Federal prison.[2]

Early life and education

Tim Leissner was born in Germany as the son of a senior[3] executive at Volkswagen. He completed his early education in Germany, where he was recognized for strong academic performance. In 1991, he obtained a Bachelor of Arts degree in Business Administration from the University of Siegen, a public research university in North Rhine‑Westphalia.[4] The following year in 1992, he earned an MBA from the University of Hartford in Connecticut.[5]

Career

See also: 1Malaysia Development Berhad scandal

After working at JPMorgan and Lehman Brothers,[3] Leissner joined Goldman Sachs in 1998, where he worked as an investment banker until 2016. He was promoted to Managing Director in 2002 and became a Partner in 2006.[6] In 2013, he was appointed to Goldman Sachs' Partnership Committee, placing him among the firm's senior leadership.[7] The following year, in 2014, he was named Chairman of the bank's Southeast Asia division.[5]

He retired in January 2016 after an internal review found he sent a fake letter to Banque Havilland on behalf of Jho Low.[citation needed]

In addition to his professional career, Leissner was a co-founder of the People's Wish Foundation, a charitable organization based in China.[6]

Leissner has served as a director and shareholder of Celsius Holdings, Inc., and All Def Digital, which provided marketing and advisory services to Celsius.[8]

1MDB

Leissner was arrested in June 2018 in Washington, D.C. In 2018 he pled guilty to charges he personally stole $200 million from a Malaysian sovereign wealth fund 1 Malaysia Development Berhad (1MDB) and that he broke the Foreign Corrupt Practices Act (FCPA) by paying bribes to corrupt Malaysian and Emirati offices to get Goldman Sachs business.[9][10]

Leissner was banned for life by the Securities and Exchange Commission and forced to pay a $43 million fine. As of 2020 he faced up to 25 years in prison.[11][12] but due to his cooperation has avoided spending any time in jail.[13]

He testified against his former deputy Roger Ng in a 2022 trial.[14] As of 2022, Leissner was free on bail of $20 million.[5] On 29 May 2025 Leissner was sentenced to two years in Federal prison by Chief District Judge Margo Brodie in the Eastern District of New York.[2]

Personal life

Leissner has been married 3 times. He was twice married to two women at the same time.[15]

He married his second wife, Judy Chan, in Hong Kong in about 2000.[15]

In 2014, Leissner married Kimora Lee Simmons. At the time Leissner married Simmons, he was still married to his ex-wife, Judy Chan. Leissner gave Simmons photoshopped documents showing that he was divorced from Chan, and created an email address in Chan's name to convince Simmons that the couple had divorced. He continued the correspondence for over a year and continued using the email account for several years.[16] Leissner and Simmons had a son, born in 2015.[17][18][19] In 2020, Simmons adopted a 10-year old son.[20] In February 2022, it was revealed that Leissner and Simmons were estranged, though it is not clear when the couple split.[21]

Leissner has a daughter.[22]

References

  1. ^ "SEC.gov | SEC Charges Former Goldman Sachs Executive With FCPA Violations". www.sec.gov. Retrieved 2021-05-17.
  2. ^ a b Azhar, Saeed; Azhar, Saeed (30 May 2025). "Ex-Goldman banker Leissner sentenced to two years in prison in 1MDB case". Reuters.
  3. ^ a b https://www.ft.com/content/52a072a2-fe0a-11e8-ac00-57a2a826423e
  4. ^ "Speaker details". na.eventscloud.com. Retrieved 2025-08-28.
  5. ^ a b c "Deutscher Ex-Goldman-Banker wird Kronzeuge im 1MDB-Prozess". WirtschaftsWoche. 14 February 2022. Retrieved 2024-11-03.
  6. ^ a b "Speaker details". na.eventscloud.com. Retrieved 2025-09-29.
  7. ^ "Plaintiff Class Action Attorneys | Shareholder, Antitrust & Consumer Protection Lawyers". www.ktmc.com. Retrieved 2025-09-29.
  8. ^ www.sec.gov https://www.sec.gov/Archives/edgar/data/1341766/000161577418001689/s109237_10k.htm. Retrieved 2025-12-22. {{cite web}}: Missing or empty |title= (help)
  9. ^ Crow, David (December 2018). "Tim Leissner: Goldman Sachs banker at the heart of 1MDB scandal". Financial Times.
  10. ^ Goldstein, Matthew (2019-12-16). "Ex-Goldman Sachs Partner Barred by S.E.C. Over 1MDB Scandal". The New York Times. ISSN 0362-4331. Retrieved 2021-05-17.
  11. ^ Hale, Kori. "Goldman Sachs Takes A $1 Billion Hit Due To Ex-Hip Hop Banker". Forbes. Retrieved 2021-05-17.
  12. ^ Hale, Kori. "Goldman Sachs Pays $3.1 Billion In 1MDB Scandal, Leaves Ex-Hip Hop Banker Behind". Forbes. Retrieved 2021-05-17.
  13. ^ Goldstein, Matthew (2022-04-08). "Ex-Goldman Sachs Banker Convicted for His Role in a $4 Billion Fraud". The New York Times. ISSN 0362-4331. Retrieved 2024-03-16.
  14. ^ Bobby Caina Calvan (2023-03-09). "Ex-Goldman Sachs banker sentenced to 10 years in prison in 1MDB fraud". PBS. Retrieved 2024-03-16.
  15. ^ a b "1MDB Loot Wasn't Enough, So Ex-Goldman Banker Stole More". 25 February 2022.
  16. ^ Hurtado, Patricia (March 9, 2022). "Ex-Goldman Banker Faked His Ex-Wife's Email to Spin Web of Lies". Bloomberg.
  17. ^ "Kimora Lee Simmons has married Tim Leissner, Russell Simmons says". Los Angeles Times. February 20, 2014. Retrieved November 30, 2019.
  18. ^ "Kimora Lee Simmons Welcomes Son Wolfe". people.com. Retrieved 2016-02-21.
  19. ^ Crow, David; Noonan, Laura (December 23, 2018). "Tim Leissner: Goldman Sachs banker at the heart of 1MDB scandal". Financial Times.
  20. ^ Juneau, Jen; Leon, Anya (January 24, 2020). "Kimora Lee Simmons Adopts 10-Year-Old Son Gary". People. Retrieved 2024-12-01.
  21. ^ "Kimora Lee Simmons' estranged husband testifies he photoshopped divorce papers to marry her". news.yahoo.com. February 28, 2022. Retrieved 2023-02-21.
  22. ^ https://www.ft.com/content/5530bb18-06a3-41f4-9ed8-8f252a1c2d51
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