On June 21, 2017, Malcolm Harris pled guilty to wire fraud and money laundering charges in connection with a corrupt scheme to pay millions of dollars in bribes to a foreign official of a country in the Middle East.  According to the allegations in the charging documents and statements made in court proceedings, from around March 2013 to around May 2015, Harris’s co-defendants Joo Hyun Bahn and his father Ban Ki Sang engaged in a conspiracy to bribe a foreign official in order to facilitate the sale of an $800 million building complex in Hanoi, Vietnam, known as Landmark 72.  Harris falsely held himself out as an agent of the foreign official and sent Bahn numerous emails purportedly sent by the foreign official and bearing the foreign official’s name.  Around April 2014, Bahn and Ban agreed to pay, through Harris, $500,000 upfront and $2 million upon the close of the sale of Landmark 72 to the foreign official as a bribe.  In truth, Harris had no relationship with the foreign official and stole the $500,000 upfront bribe arranged by Bahn and Ban. Harris pled guilty to one count of wire fraud and one count of conducting monetary transactions in illicit funds.  The case against Bahn is pending and Ban is a fugitive who is believed to reside in South Korea. Sentencing is scheduled for September 27, 2017.  United States v. Bahn, 1:16-CR-00831 (S.D.N.Y.).

DOJ Press Release