The former banker was to surrender shares in fitness drink maker Celsius as proceeds of his crimes. Read more at straitstimes.com.
BROOKLYN – Ms Kimora Lee, the former model and ex-wife of former Goldman Sachs Group Inc banker Tim Leissner, claims that shares worth about US$93 million that heMs Lee asked a federal judge in Brooklyn, New York, on Friday to hold a hearing where she intends to establish she rightfully owns 892,732 shares in Celsius Holdings Inc, a fitness drink maker. She claims she purchased the shares with money she earned from her modelling career and her Baby Phat clothing line.
Leissner, Goldman Sach’s former Southeast Asia head, pleaded guilty in 2018 to conspiring with financier Jho Low, the alleged mastermind of the sprawling fraud scheme, to bribe officials in Malaysia and Abu Dhabi to facilitate bond deals. Low, who remains a fugitive, pocketed US$1.42 billion from the fraud, the US has said.
Shares in the company traded at US$104.26 on Friday in New York, making the 3.3 million shares worth more than US$344 million. alleging his ex-boss cheated him out of his investment in Celsius that is now worth at least US$130 million as well as stock in another company. According to the suit, Leissner engaged in a “concerted effort to steal” and pocketed Ng’s original US$1.25 million investment in Celsius, which has since grown in value enormously.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Get ready to be starstruck: The Glory actor Lee Do-hyun dropping by Tampines May 13SINGAPORE – The leading man of hit Netflix K-drama The Glory will be coming to town in May. South Korean actor Lee Do-hyun, who plays the loyal plastic surgeon love interest of actress Song Hye-kyo’s wronged protagonist in the dark revenge tale, will be a guest at the Korea Travel Fair on May 13 at Our Tampines Hub. The fair...
Read more »
PM Lee: Slower economic growth this year, but outright contraction should be avoided - Singapore News'Inflation is still high, but there is some hope it will moderate in the second half. Meanwhile, unemployment rates have stayed low, and retrenchment numbers remain manageable. Overall, we can be cautiously optimistic about our immediate economic prospects,” he added.
Read more »
Lee Dong-Wook and Kim Hye-Jun for 'The Killer's Shopping Mall'Lee Dong-Wook and Kim Hye-Jun for 'The Killer's Shopping Mall' leedongwook kimhyejun 이동욱 李棟旭 김혜준
Read more »
Italy's TIM seeks final offer for grid by June 9Telecom Italia (TIM) said on Thursday it was unhappy with sweetened bids submitted by suitors for its fixed network, and set a final deadline of June 9 to receive an improved offer from at least one of the bidders.TIM directors gathered on Thursday to draw a response to rival non binding approaches for it
Read more »
'Making people upset sometimes': Desmond Lee on 'difficult decisions' about land use for housing, conservationST GALLEN, Switzerland - Making decisions on Singapore’s land use and infrastructure is a balancing act between the needs of today’s generation and future generations, Minister for National Development Desmond Lee said to an international audience on Thursday. Responding to a question from a British audience member at the 52nd St Gallen Symposium held in Switzerland, Mr Lee explained that...
Read more »
Meet The Glory's Lee Do-hyun on May 13 at Our Tampines HubThe South Korean actor will be in Singapore as part of the Korean Tourism Organisation's (KTO) Korea Travel Fair 2023.
Read more »