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Former Goldman Sachs banker found guilty in 1MDB scheme

Goldman Sachs 1MDB Roger Ng

A former Goldman Sachs banker was convicted Friday for his role in a $4.5 billion scheme to ransack the Malaysian state investment fund known as 1MDB, AP reports.

Driving the news: Roger Ng on Friday pleaded not guilty to three counts, including conspiring to violate U.S. anti-bribery laws and conspiring to launder money. He faces up to 30 years in prison, Bloomberg reports.

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