The Goldman Sachs headquarters at 200 West St. in Manhattan, New York. Photo: Ryland West/ALM Goldman Malaysia Sentencing in Brooklyn Triggers Goldman Sachs' Billion-Dollar Payment to US Treasury
Goldman Sachs now has 10 days to pay more than $1.2 billion to the U.S. Treasury, said U.S. District Judge Margo Brodie. The payment is part of what the Justice Department hailed as a record resolution.
June 09, 2021 at 06:46 PM
2 minute read
The sentencing of Goldman Sachs Malaysia on Wednesday before Chief U.S. District Judge Margo Brodie of the Eastern District of New York triggered a 10-day due date for Goldman Sachs to pay a nine-digit fine to the U.S. Treasury.
Goldman Sachs in October entered into a deferred prosecution agreement with the U.S. Attorney's Office for the Eastern District of New York in connection with criminal information charging it with conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act. The company agreed to pay $2.9 billion as part of a coordinated resolution with authorities in the U.S. and overseas, which was hailed by the Department of Justice as a record-setting FCPA resolution.
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