Goldman Poised to Pay More Than $2 Billion in DOJ’s 1MDB Probe

Goldman Sachs is set to pay over $2 billion to settle with the US Justice Department, avoiding a criminal conviction. This is part of a larger $5 billion in fines related to a scandal involving a Malaysian sovereign wealth fund. The scandal dates back to 2012-2013, with funds allegedly misused for personal gains, including film production. Malaysia has already fined Goldman and dropped criminal charges. Analysts are assessing the total impact, with potential additional fines from Singapore. The settlement helps clarify the financial fallout for Goldman Sachs.

What is the total amount Goldman Sachs is expected to pay in fines related to the 1MDB scandal?

• $10 billion

• $2 billion

• $5 billion

• $6.5 billion

In which years did the initial 1MDB scandal events occur?

• 2010 and 2011

• 2012 and 2013

• 2016 and 2017

• 2014 and 2015

What was the purpose of the funds raised by Goldman Sachs for Malaysia?

• To invest in technology

• To support education

• To build infrastructure

• To create a sovereign wealth fund

Which country is considering imposing additional fines on Goldman Sachs?

• Vietnam

• Indonesia

• Thailand

• Singapore

How might the potential fines from Singapore affect Goldman Sachs?

• Cause a drop in share prices

• Lead to a criminal conviction

• Result in a merger with another bank

• Increase their market share