The Case of Goldman Sachs and 1MDB

Goldman Sachs and 1MDB

By: Audrey Zhang

In August 2005, anti-corruption officials began investigating 1Malaysia Development Berhad (1MDB) for alleged graft, triggered by reports that almost US$700 million from the lucrative deals issued for 1MDB by Goldman Sachs ended up in the pockets of Malaysia’s Prime Minister, Najib Razak. SPI investigates the alleged corruption claims and the ethical implications of Goldman’s involvement.

Goldman Sachs and 1MDB: The Players

Goldman Sachs Group, Inc. – A leading global investment banking, securities, and investment management firm, founded in 1869. The firm maintains offices in all


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The Ethics of Bitcoin

By Haoqian Chen

Bitcoin is quite a phenomenon. This power point video gives a short history of the virtual currency. Some argue Bitcoin is evil. Is it? The video analyzes the ethics of the product and its uses.


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As of today, according to Realtime, there are currently 15 million Bitcoins in circulation. At an exchange rate of US$431 to one virtual coin the amount in circulation is worth about US$6.5 trillion.

Bitcoin took off in late 2013 and hit a high of roughly US$1100 but the price has trended down although there


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Moral Cents

Financial EthicsMoral Cents is The Journal of Ethics in Finance, produced on a regular basis by the Seven Pillars Institute for Global Finance and Ethics. Click HERE to see the latest issues and read them in full.

Seven Pillars Institute for Global Finance and Ethics (SPI) and the Centre for Commercial Law Studies (CCLS) at Queen Mary University of London have a collaborative affiliation in their work on ethics, law, and regulation in finance. The goal of the collaboration is to foster a dialogue on important ethical policy issues affecting the financial services industry.

Read the Collaboration Announcement

Seven Pillars Institute for Global Finance and Ethics and IntegTree LLC have a collaborative affiliation. The two organizations plan to create online training programs in financial ethics and compliance management. The Programs will help financial institutions improve conformity with the law while also fostering ethical awareness.

Read the collaboration announcement.