The daily business briefing: December 17, 2018

Malaysia charges Goldman Sachs and two ex-bankers over 1MDB scandal, HQ Trivia and Vine co-founder Colin Kroll dies at 34, and more

1. Malaysia charges Goldman Sachs, ex-bankers in 1MDB scandal

Malaysia's attorney general, Tommy Thomas, said Monday that the country had filed criminal charges against Goldman Sachs and two of its employees in connection with a scandal involving state investment fund 1Malaysia Development Berhad, or 1MDB. Thomas said the charges concerned allegedly misleading statements Goldman made to investors about $2.7 billion in bond sales the bank arranged but knew would be misappropriated. Criminal charges were filed against former Goldman executives Tim Leissner and Roger Ng Chong Hwa, as well as former 1MDB employee Jasmine Loo Ai Swan and Low Taek Jho. Goldman Sachs has consistently denied wrongdoing in the 1MDB scandal.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.