During closing statements Monday in the trial of former Goldman Sachs managing director Roger Ng, prosecutors argued that Ng used shell companies and personal email accounts to hide his involvement in the multibillion-dollar scheme to manipulate the Malaysian economic development fund 1MDB.
Alixandra Smith, deputy chief of the criminal division for the Eastern District of New York, sought to poke holes in the defense’s narrative that Ng and his wife earned money from legitimate business dealings. Ng has been charged with conspiring to violate the Foreign Corrupt Practices Act and conspiring to launder money.