They just sentenced Tim Leissner, the former Goldman Sachs banker, to two years in prison for the 1MDB scandal. No joke, we're talking about $4.5 billion that went missing. This guy was involved in raising $6.5 billion through bonds for a Malaysian state investment fund, but half of it vanished in bribes, commissions, and excessive luxuries.

The ironic part is that Tim Leissner had already pleaded guilty years ago in 2018, so this was more or less expected. But now the sentence is real: two years in prison, two more years of supervised release, and he also has to pay back nearly $44 million. He reports to jail on September 15.

This case is a reminder of how large-scale money laundering operated. Issued bonds, inflated commissions, and all the money ended up funding luxury purchases. Tim Leissner was key in this entire operation from Goldman Sachs. Pretty wild when you see it from the outside.