Goldman Sachs Arrests Render Mnuchin Bitcoin Comments Useless

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Goldman Sachs vice president and known Bitcoin skeptic Richard Gnodde is among 17 senior executives who could face ten years’ in prison for money laundering. Vice President Could Face 10 Years In Jail According to a press release from Malaysia’s attorney general August 9, Gnodde is now wanted in connection with the infamous 1MDB scandal from 2013. According to prosecutors, Gnodde and many other top Goldman employees helped raise $6.5 billion for 1MDB, a Malaysian sovereign wealth fund, with the proceeds subsequently laundered by participants including the country’s former prime minister, Najib Razak. Now, all could face prison sentences of up to ten years if found guilty. The release confirms: “Custodial sentences and criminal fines will be sought against the accused… given the severity of the scheme to defraud and fraudulent misappropriation of billions in bond proceeds, the lengthy period over which the offenses were planned and executed, the number…

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