Fed Bans Two Ex-Goldman Bankers From Industry

The Federal Reserve Board of Governors has barred former Goldman Sachs Group Inc. investment bankers Tim Leissner and Roger Ng from working in the banking industry because of their alleged involvement in illegally diverting funds from Malaysian state investment fund1Malaysia Development Bhd.

The Fed said Tuesday Mr. Leissner, the former head of Goldman’s Southeast Asia business, agreed to his ban from the industry and has been fined $1.42 million.

In 2012 and 2013, Messrs. Leissner and Ng worked on bond offerings for the sovereign wealth fund, known as 1MDB, the Fed said. Money that was diverted from the fund was used to bribe government officials and for the “conspirators’ personal benefit,” the Fed said in a statement.

The New York-based investment bank raised $6.5 billion for 1MDB, and authorities have alleged $2.7 billion of funds were stolen.

.. Mr. Leissner pleaded guilty last year to U.S. charges of conspiracy to launder money and violate antibribery laws. He is due to be sentenced June 28. The attorney general in Malaysia filed charges against the former Goldman banker last year.

Locals Were Troubled by Roy Moore’s Interactions with Teen Girls at the Gadsden Mall

But I didn’t, in all my driving, see a single yard sign for Moore, the home-town son. Even the parking lot of the one mall in town had more bumper stickers for Luther Strange (four), Moore’s opponent in the Republican primary, than for Moore himself (one).

.. This past weekend, I spoke or messaged with more than a dozen people—including a major political figure in the state—who told me that they had heard, over the years, that Moore had been banned from the mall because he repeatedly badgered teen-age girls. Some say that they heard this at the time, others in the years since. These people include five members of the local legal community, two cops who worked in the town, several people who hung out at the mall in the early eighties, and a number of former mall employees.

.. “Sources tell me Moore was actually banned from the Gadsden Mall and the YMCA for his inappropriate behavior of soliciting sex from young girls,” the independent Alabama journalist Glynn Wilson wrote on his Web site on Sunday. (Wilson declined to divulge his sources.)

Teresa Jones, a deputy district attorney for Etowah County in the early eighties, told CNN last week that “it was common knowledge that Roy dated high-school girls.” Jones told me that she couldn’t confirm the alleged mall banning, but said, “It’s a rumor I’ve heard for years.”

.. J. D. told me, ‘If you see Roy, let me know. He’s banned from the mall.’ ” Legat recalled Thomas telling him, “If you see Moore here, tell me. I’ll take care of him.’ ”

.. “The general knowledge at the time when I moved here was that this guy is a lawyer cruising the mall for high-school dates,” one of the officers said. The legal age of consent in Alabama is sixteen

.. But these officers, along with the other people I spoke to, said that Moore’s presence at the mall was regarded as a problem. “I was told by a girl who worked at the mall that he’d been run off from there, from a number of stores. Maybe not legally banned, but run off,” one officer told me. He also said, “I heard from one girl who had to tell the manager of a store at the mall to get Moore to leave her alone.”

.. “When I heard what he said on ‘Hannity’ the other night,” he said, referring to an appearance Moore made on Sean Hannity’s radio show last Friday, “I almost stood straight up. The thing about how he’s never dated anybody without their mother’s permission, that appalled me. That made me want to throw up. Why would you need someone’s permission to date somebody?

Violence. Threats. Begging. Harvey Weinstein’s 30-year pattern of abuse in Hollywood.

“Everyone knew these stories,” one Hollywood publicist said. “Not the specifics. But people knew it was a hostile work environment, and that he was a bully to people. Because he could win you an Oscar, we were all supposed to look the other way.”

.. when the New Yorker published a 2015 audio recording of Weinstein trying to lure a model into his hotel room, Brewer was stopped cold.

.. Weinstein, enraged that he had been out of pocket for a few hours, lunged at him and began punching him in the head, Brewer said; the skirmish tumbled into the corridor and then the elevator. By the time Brewer reached the street, intent on never associating with the Weinsteins again, he said, Harvey was pleading for him to stay and help ensure that their film got launched.

.. “Listening to the audiotape, it gave me this visceral reaction to my experience that day,” Brewer said by phone Thursday. “This alternating between violence, threats, commands and then begging, mock-crying, trying anything — any angle to get what he wanted.”

.. a genius of promotion who persuaded Oscar voters to pick his lighthearted “Shakespeare in Love” over epic front-runner “Saving Private Ryan” as best picture in 1999.

.. He had a “funny, whiny” voice, and was often bullied, according to former classmates, but he was persistent, sure of himself, an operator.

.. “He was supremely confident, and not worried about any repercussions,” the friend recalled. “It was like, ‘Eh, if they catch me, so what, I’ll do it again.’ ”

.. Weinstein went into business with his brother, first as concert promoters and later

.. “Don’t mention the competition on the air. Don’t put two car ads in the same segment,” she said this past week. “And, if you’re a young woman, don’t be alone with Harvey Weinstein.”

.. His job then wasn’t to make movies but to discover them and get them into theaters. His forcefulness was a boon for independent and foreign films that lacked bankable names. He would be their star, their champion, deploying a brassy, fearless persona to conduct cutthroat negotiations and impassioned publicity campaigns.

.. “Harvey has a bargaining quality, a back-and-forth bullying that makes you just go ‘okay,’ she explained. She jumped out of their taxi blocks later and ran inside a bar, begging the bartender to pretend that he was her boyfriend.

.. “He’s very seductive at the start,” Leight said. “You think he understands you and your destiny is about to change.”

.. But Weinstein’s behavior was erratic. Leight said Weinstein pressured him to ask an actress to “show tit” on screen, though the script required no nudity.

.. In retrospect, he said, the abusive tactics that Weinstein used with women were in line with those he used with directors and male employees: the domination, the cycle of eruptions followed by contrition, the swagger, accompanied by shows of neediness.

“It’s absolutely the same behavior,” Leight said.

..  the Peninsula Beverly Hills hotel, where the New York-based producer often stayed, and where many of his alleged assaults were said to have taken place.

.. people knew that if you had worked there, you could put up with anything.”

.. West Coast employees employed a system of alerts, passed along by whisper, to prepare for the boss’s arrival.

Harvey is coming.

Harvey is five minutes out.

Harvey is on a kick about “Tulip Fever.” If you haven’t seen it, make sure you do now.

.. One preparation — described by multiple individuals and recognized as both practical and ridiculous — was to hide all the office candy bowls.

“He would take and eat them all and his blood sugar would spike,” the former employee explained. “We were trying to control his moods.”

.. The mood swings, the employee said, were frequent and relentless. Workers discussed in hushed tones how to manage them.

.. “It was not clear that he was assaulting people,” the former employee said. “But was it clear that he was trading his power for sexual favors? Yes.”

.. “What you have to understand is, Harvey was somebody who everybody who worked there didn’t like,” another former employee said. “Talking s— about Harvey was the normal course of action. He’s disgusting. He’s rude. He has food on his shirt.”

.. Weinstein’s blatant bad behavior managed to mask his more insidious tendencies. In other words, you didn’t believe he could be any worse in private than you had seen him behave in public.

.. Some women who have made claims against Weinstein have alleged that his assistants were facilitators of his behavior, or said they were in the room immediately before he assaulted them.

.. “I just thought we were seeing the bad end of a bad temper,” said one industry professional, who often encountered him over several decades. “I once watched him fire his whole staff at an awards show. It was one of the worst things I’ve witnessed — they were running away in tears and crying in parking lots.”

.. “Here’s a man who would take a little film that couldn’t and make it into hits that won Oscars,” said the publicist who watched Weinstein fire his entire staff. “He wasn’t the only one to do that, but he had a really good track record. Sometimes, to do that, you have to be a steamroller. I don’t know if that’s right or wrong. I think it’s wrong.” A pause. “I’m sure it’s wrong.”

.. “He said, ‘What have you heard about me?’” Masters said. “And I said, ‘I’ve heard you rape women.’ ”

Weinstein responded, Masters said, “with neither shock nor anger.”

.. Masters said the magazine tried “really hard” to publish a report on Weinstein’s sexual behavior a few years ago. But the source backed out, leaving it without on-the-record corroboration of festering rumors.

.. Harvey was the Trump of the movie industry. He knew what was a good story. He knew how it worked. He knew what a deadline was. He knew about the caring and feeding of gossip columns.”

..  a frequent source of scoops and celebrity gossip for tabloid papers.

.. Many Weinstein-watchers took note of what seemed to be an orchestrated media campaign against Ambra Battilana Gutierrez, the model who accused Weinstein of groping her in a Tribeca hotel room in 2015.

.. The New York Post published photos of her in a bikini and labeled her “Grope Beauty” on its cover. Its Page Six column reported that a police source said there was no physical evidence for Gutierrez’s claim. In fact, Gutierrez had worn a hidden police microphone and recorded Weinstein apologizing to her for the incident.

.. Weinstein had a knack for flattering reporters. He once had his staff put together a mock poster for “Page Six: The Movie” — starring George Clooney, Nicole Kidman, Russell Crowe, Mel Gibson and Matt Damon as the column’s authors — and sent it to the newsroom.

.. Weinstein “cajoled and threatened” him when he wouldn’t kill an item about Weinstein’s divorce from Eve. Weinstein first tried to trade the item for another bit of gossip, Grove said, and next threatened to ban him from Miramax’s film screenings. Grove said he could buy his own movie tickets.

.. Eventually, Grove said, Weinstein backed down when he realized he had no leverage. But first, he said something Grove said “should be embroidered on a pillow. He said, ‘I’m the scariest m—–f—– you’ll ever have as an enemy in this town.’ ”

.. He implied that she needed him. He’d set up a Hollywood world in which everyone needed him.

.. I had dinner with this guy and it turns out he is everything I stand against.”

.. fundraisers alongside Leonardo DiCaprio, the premiere of “Shakespeare in Love” with Hillary Clinton on his arm.

.. His personal giving was dwarfed by that of many other showbiz moguls — only $1.8 million since 1979. But when President Bill Clinton sought help for his legal-defense fund during the Monica Lewinsky saga, Weinstein cut a $10,000 check.

.. Brown, who said she had never heard anything but milder rumors about Weinstein, called the election “a tipping point for a great many women.”

.. lawyer Gloria Allred. She is representing several of Weinstein’s accusers, but said she has “also been getting calls about other men in Hollywood. Studio executives, A-list actors. Big names. Names you would know.”

.. Though she represented more than 30 of Cosby’s victims, she said she suspects “this is going to be bigger. It’s a tsunami.”

.. he championed his boys — and there were no female voices in there.

.. The lack of female voices in Hollywood, Delavigne said, is “a more entrenched danger, and entrenched culture.” A common note she receives from producers, during the screenwriting process, is to make her female characters more “likable.” That one word, she said, epitomizes the film industry’s attitude about women.

.. “It is not ‘likable’ for a woman to say ‘no,’ to say ‘you can’t do that,’ ” Delavigne said. “That is not likable. That is not charming. That is not sweet.”

.. “He had just a very forceful way of going about things,”

.. “He forces himself on you, talks you into it and doesn’t leave you with an option.”

.. He was both needy and abusive

London Deems Uber Unfit to Operate in the U.K. Capital

Mr. Khosrowshahi has said Uber could go public in as little as 18 months. The threat of a London shutdown is likely to raise new questions among potential investors about the company’s global growth prospects.

“The truth is that there is a high cost to a bad reputation,” Mr. Khosrowshahi said Friday in an internal email reviewed by The Wall Street Journal. “Irrespective of whether we did everything that is being said about us in London today (and to be clear, I don’t think we did), it really matters what people think of us.”

.. the company lost at least $3 billion last year on sales of $6.5 billion

.. At the same time, Uber has abandoned efforts to establish an independent foothold in China and Russia.

.. “3.5 million Londoners who use our app…will be astounded by this decision.” He said the regulator and London’s mayor had “caved in” to pressure from a small group of people “who wanted to restrict customer choice.” He said 40,000 licensed Uber drivers in London could lose work.

.. In 2015, London Transport proposed a raft of rules that would restrict Uber, including requiring a mandatory five-minute wait time between ordering a ride and pickup.

.. The authority didn’t provide details on specific violations, but said Uber fell short in a number of areas, including its approach to driver background checks and reporting serious criminal offenses.

.. As part of Greyball, Uber has been able to use software to hide its drivers from government officials by showing them dummy versions of its app with fake cars trawling the streets.

.. The relatively high cost of a black cab has helped make Uber popular here. A four-mile trip in the middle of a weekday costing at least £16 ($21.64) in a black cab, compared with £8 on Uber