Tim Leissner Seeks Presidential Pardon
Analysis based on 7 articles · First reported Jan 22, 2026 · Last updated Jan 23, 2026
The event highlights ongoing legal and financial repercussions of the 1MDB fraud, particularly for Goldman Sachs Group, which has already paid billions in fines. A potential pardon for Tim Leissner could be seen as undermining efforts to hold individuals accountable for financial crimes, potentially affecting market confidence in regulatory enforcement.
Tim Leissner, a former Goldman Sachs Group banker involved in the 1MDB fraud, has filed a pardon application with the United States — United States Department of Justice before he is scheduled to surrender to federal prison. Leissner pleaded guilty in 2018 to embezzling US$4.5 billion from 1MDB and cooperated with prosecutors, becoming a key witness against his former colleague Roger Ng. Despite his cooperation, US District Judge Margaret Brodie sentenced him to two years in prison, citing his 'brazen and audacious' conduct. Goldman Sachs Group has paid over US$5 billion in global fines related to the scandal and is suing Tim Leissner to recover US$20.7 million. The pardon request comes as US President Donald Trump has recently granted clemency to several individuals convicted of white-collar crimes. The 1MDB fraud led to investigations in six countries and the downfall of the Malaysian government, which is also seeking Tim Leissner's extradition. Other high-profile individuals like Bill Hwang of Archegos Capital Management and Elizabeth Holmes of Theranos are also seeking pardons.
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