Tim Leissner Bio | Wikipedia
Tim Leissner is a popular German-born investment banker who is the Chairman of Southeast Asia and a retired managing director of Goldman Sachs. He helped orchestrate the 1Malaysia Development Berhad scandal, one of the highest financial scandals in history, in which billions of dollars were looted. Tim was arrested in June 2018 in Washington, D.C.
In 2018 Tim pleaded guilty to charges he personally took $200 million from a Malaysian sovereign rich fund 1 Malaysia Development Berhad (1MDB) and that he broke the Foreign Corrupt Practices Act (FCPA) by bribing corrupt Malaysian and Emirati offices to get Goldman Sachs business. Tim became banned for life by the Securities and Exchange Commission and forced to give a $43 million fine. He faces up to 25 years in prison. Tim testified against his retired deputy Roger Ng in a 2022 trial. He became portrayed in the book “Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World” by Tom Wright and Bradley Hope of The Wall Street Journal, which specializes in Jho Low, the purported mastermind behind the 1MDB scheme. The book became released in September 2018.
Tim Leissner Age
Tim was born on October 31, 1971, in German. He is 52 years old. Tim celebrates his birthday on October 31, every year.
Tim Leissner Height
He is a man of above-average stature. Tim stands at a height of 5 ft 10 in ( Approx. 1.75m ).
Tim Leissner Family
He was born in German. Tim comes from a very wealthy family of Brazilian and German descent and was recognized to be very intelligent at a young age. Tim’s parents wanted the best for their young genius, so they surrounded him with the best things that they could give and provided minimal restrictions on his life to ensure he was well.
Tim Leissner Wife | Wives
In 2014, Tim married Kimora Lee Simmons. The two have one child together, a son Wolf Lee Leissner, born in 2015. In February 2022, it was disclosed that Tim and Kimora were estranged from each other, though it is not exactly clear when the pair split. Prior to marrying Kimora Lee Simmons, Tim was married to his ex-wife, Judy Chan.
Tim Leissner Kids | Children
In 2014, Tim married Kimora Lee Simmons. He and Kimora have one child together, a son Wolf Lee Leissner, born in 2015. He acts also as a stepfather of Kimora’s other four kids named Kenzo Lee Hounsou, Gary (adopted), Aoki Lee Simmons, and Ming Lee Simmons.
Tim Leissner Son | Child
He and Kimora Lee Simmons welcomed a son Wolf Lee Leissner who was born in 2015.
Tim Leissner Education
Following completing high school, Tim received a Bachelor of Arts Degree from Siegen University, a Master of Business Administration from the University of Hartford, as well as a Ph.D. from the University of Somerset.
Tim Leissner Billionaire
Tim is an investment banker worth $30 million.
Kimora Lee Simmons Tim Leissner | And Kimora Lee | Kimora Lee Simmons | Kimora
In 2014, Tim married Kimora Lee Simmons an American model, businesswoman, fashion designer, venture capitalist, entrepreneur, TV personality, philanthropist, and author. Tim and Kimora welcomed a son named Wolf Lee Leissner in 2015. In 2020, Kimora adopted Gary Lee Foster, making her a mother of five children in total including her first son, Kenzo Lee Hounsou, whom she welcomed with actor and model Djimon Hounsou. There were reports in 20222 that Tim and Kimora were estranged from each other though not clear when the two separated.
Tim Leissner Judy Chan | Ex- Wife
At the time Tim married Kimora Lee Simmons, he was still married to his ex-wife, Judy Chan. Tim gave Kimora photoshopped documents showing that he was divorced from Judy and created an email address in Judy’s name to convince Kimora that the two had divorced. He proceeded with the correspondence for over a year and continued using the email account for many years.
Tim Leissner Texas | Today
Tim, who spent over a week testifying against his one-time workmate on 1MDB deals, can move to Texas for a new job. US District Judge Margo Brodie in Brooklyn, New York, in June 2022 approved a change in Tim’s bail terms, allowing him to relocate. Tim has been free on $20 million bail since his arrest in June 2018. Tim pleaded guilty to foreign bribery and money-laundering charges related to the 1MDB scandal in August 2018. Judge Margo Brodie planned to sentence Tim on July 6, 2022.
Tim Leissner Goldman
He was hired by Goldman Sachs from 1998 until 2016. Tim retired in January 2016 following an internal review found he sent a fake letter to Banque Havilland on behalf of Jho Low. In 2022, Bloomberg called Tim “Goldman’s most notorious banker.” He paid a record fine (more than $5 billion) to the Malaysian and U.S. authorities over the scandal.
Tim Leissner 1Mdb Scandal
Tim together with Jho Low and others, embezzled an estimated $4.5 billion from the 1Malaysia Development Berhad fund. Jho fled authorities and is still on the run, while Tim was banned for life by the Securities and Exchange Commission. He was later forced to pay a $43 million fine and was found guilty, though his sentencing has been replanned to 2023.
Tim Leissner Latest News
He testified that a lover Blackmailed Him Into Buying a $10 Million Home. Tim became forced to buy Kimora Lee Simmons a $10 million house when she threatened to expose his involvement in the scandal.
Tim Leissner House
In 2017, Tim and Kimora Lee Simmons bought a house in Beverly Hills, California (CA), for $25,000,000. The house previously belonged to Michel Harouche, who worked as the president and founder of Paul Davril Inc., which specialized in the textiles, apparel, and luxury goods industry.
Tim Leissner Testimony
In August 2018, Tim pleaded guilty to conspiring to launder money and conspiring to violate the FCPA. He agreed to forfeit $43 million and shares of stock estimated at over $200 million and is awaiting sentencing. Jho Low became indicted in November 2018 and remains a fugitive.
Tim Leissner Net Worth
Tim gets his wealth from his work as an investment banker who is the Chairman of Southeast Asia and a retired managing director of Goldman Sachs. Therefore, Tim has accumulated a decent fortune over the years. Tim’s net worth is $30 million.
How Old Is Tim Leissner
Tim is a 52-year-old who was born on October 31, 1971, in German. Tim celebrates his birthday on October 31, every year.
Is Kimora Lee Still Married To Tim Leissner
In 2014, Tom married Kimora Lee Simmons and together they welcomed a son, named Wolf Lee Leissner. In February 2022, it became disclosed that Kimora and Tim were estranged from each other, though wasn’t exactly clear when the two split.
Where Is Tim Leissner Now
He is an investment banker and a retired managing director at Goldman Sachs and chairman of the bank’s Southeast Asia division. Following the conviction of his crimes, Tim hangs in prison and awaits his sentencing. While Tim faces up to 25 years, he could get less because of his cooperation in the trial, his willingness to plead guilty, as well as his testimony in other cases related to his criminal activities.