Singapore central bank bans former Goldman Sachs' banker for life

SINGAPORE (Reuters) - Singapore’s central bank on Wednesday said it had issued a lifetime prohibition order against former Goldman Sachs’ (GS.N) banker Tim Leissner after he admitted to charges related to an investigation into scandal-plagued Malaysian state fund 1MDB. The ban is an upgrade of the Monetary Authority of Singapore’s 10-year prohibition order against Leissner issued last year. The order, among other things, prevents him from performing any regulated activity under the Securities and Futures Act (SFA).

Goldman Sachs has been under scrutiny for its role in helping raise funds through bond offerings for 1Malaysia Development Bhd, which is the subject of investigations in at least six countries. “After careful consideration of Mr Leissner’s admission to participation in the conspiracy, as well as US DOJ’s criminal actions against him, MAS has decided to vary the PO against him,” the MAS said in a statement. Goldman Sachs has consistently denied wrongdoing.

https://www.reuters.com/article/us-singapore-cenbank-1mdb/singapore-central-bank-bans-former-goldman-sachs-banker-for-life-idUSKBN1OI0DI?il=0

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SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against The Goldman Sachs Group, Inc. (GS) and Lead Plaintiff Deadline: February 19, 2019

NEW YORK, Dec 21, 2018 (GLOBE NEWSWIRE via COMTEX) – NEW YORK, Dec. 21, 2018 (GLOBE NEWSWIRE) – Attorney Advertising – Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against The Goldman Sachs Group, Inc. ("Goldman Sachs" or the "Company") GS, -4.96% and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Goldman Sachs shares between February 28, 2014 through December 17, 2018, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/gs. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Goldman Sachs participated in a fraud and money-laundering scheme in collusion with 1Malaysia Development Bhd., a Malaysian state-owned investment fund; (2) the foregoing conduct, when revealed, would foreseeably subject Goldman Sachs to heightened regulatory investigations and enforcement; and (3) as a result, Goldman Sachs's public statements were materially false and misleading at all relevant times.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: bgandg.com/gs or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Goldman Sachs you have until February 19, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC

Peretz Bronstein or Yael Hurwitz

212-697-6484 | info@bgandg.com

https://www.marketwatch.com/press-release/shareholder-alert-bronstein-gewirtz-grossman-llc-notifies-investors-of-class-action-against-the-goldman-sachs-group-inc-gs-and-lead-plaintiff-deadline-february-19-2019-2018-12-21

Venezuela navy confronts Exxon oil ship in Guyana border dispute

GEORGETOWN/CARACAS (Reuters) - Venezuela’s navy “intercepted” a ship exploring for oil on behalf of Exxon Mobil Corp (XOM.N) in Guyanese waters over the weekend, Guyana’s foreign ministry said in a statement, while neighboring Venezuela said the incident occurred within its territory. The latest incident in a century-old border dispute comes after a series of offshore oil discoveries have given Guyana the potential to become one of Latin America’s largest producers. In OPEC member Venezuela, by contrast, crude output has tumbled to the lowest levels in nearly 70 years amid an economic crisis.

The Ramform Tethys vessel, which belongs to Norwegian company Petroleum Geo-Services (PGS) and was conducting seismic survey work on behalf of Exxon, stopped exploration and turned east after being approached by the Venezuelan navy, PGS spokesman Bard Stenberg said in a statement. “Guyana rejects this illegal, aggressive and hostile act,” Guyana’s foreign ministry said in a statement late on Saturday, adding that the move “demonstrates the real threat to Guyana’s economic development by its western neighbor” and “violates the sovereignty and territorial integrity of our country.” The ministry added that it would report the incident to the United Nations and send formal communication to Venezuela’s government. It said it would inform the governments of the various homelands of the 70 crew members aboard the vessel, flagged by the Bahamas, of the “threat to their safety.” A spokeswoman for Exxon said the U.S. oil firm’s seismic explorations in the western portion of Guyana’s Stabroek Block “have been paused until they can be safely continued,” and that the vessel was operating in Guyana’s exclusive economic zone. In a statement on Sunday, Venezuela’s foreign ministry said its navy, during a routine patrol, had encountered two boats hired by Exxon in an area under “undoubtedly Venezuelan sovereignty” and “proceeded to apply the appropriate international protocols.” The ministry said the boats’ captains told the navy they had permission from Guyana’s government to explore in the area, and that the boats turned around after being told Guyana did not have jurisdiction in that area. It also said it informed the UN and sent a protest note to Guyana’s government. Neither PGS nor Guyana’s foreign ministry immediately responded to requests to clarify whether one or two research ships were involved in the incident. Neither PGS nor Guyana’s foreign ministry immediately responded to requests to clarify whether one or two research ships were involved in the incident.

https://www.reuters.com/article/us-guyana-venezuela-oil/venezuela-navy-confronts-exxon-oil-ship-in-guyana-border-dispute-idUSKCN1OM0BK

Amen anon!