Illustration: Lazaro Gamio/Axios

Two former Goldman Sachs bankers were indicted on criminal charges this week.

The details: Tim Leissner, the bank's former chairman of Southeast Asia, has already pleaded guilty. His colleague Roger Ng was arrested in Malaysia and will be extradited to the U.S. Andrea Vella also appears in the complaint, as Co-Conspirator #4. He has been placed on leave by Goldman, just two weeks after becoming the bank's co-chairman of investment banking for Asia, excluding Japan.

Leissner stole money from Malaysia, embezzling development-bank funds for the criminal conspiracy. According to the complaint, "more than $2.7 billion was misappropriated by the defendant Tim Leissner and his co-conspirators." The complaint makes it clear that some of that money ended up going to Leissner personally, over and above his handsome Goldman Sachs bonus checks.

  • Leissner has agreed to forfeit $43.7 million. Which is a lot of money even for the husband of fashion model and designer Kimora Lee Simmons.

Goldman Sachs itself has not been charged, yet. It says that it "continues to cooperate with all authorities investigating this matter."

Why it matters: Goldman Sachs facilitated the greatest heist of the century.

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Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 32,471,119 — Total deaths: 987,593 — Total recoveries: 22,374,557Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 7,032,524 — Total deaths: 203,657 — Total recoveries: 2,727,335 — Total tests: 99,483,712Map.
  3. States: "We’re not closing anything going forward": Florida fully lifts COVID restaurant restrictions — Virginia Gov. Ralph Northam tests positive for coronavirus.
  4. Health: Young people accounted for 20% of cases this summer.
  5. Business: Coronavirus has made airports happier places The expiration of Pandemic Unemployment Assistance looms.
  6. Education: Where bringing students back to school is most risky.
Mike Allen, author of AM
4 hours ago - Politics & Policy

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Judge Amy Coney Barrett. Photo: Matt Cashore/Notre Dame University via Reuters

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