A significant factor in the 1MDB scandal was how the bond offerings were allegedly used to loot the Malaysian sovereign wealth fund for personal gain. Two of these bond offerings, which were underwritten by Goldman Sachs, raised almost $6 billion dollars, much of which was purloined by individuals who routed proceeds from the offerings to their personal back accounts. Goldman has consistently argued it did nothing wrong in connection with this work. 

Thomas Fox has practiced law for over 40 years. Tom writes the daily award-winning blog, the FCPA Compliance and Ethics blog and founded the Compliance Podcast Network. Tom leads the discussion on AI in...