Added: Xue Germany - Date: 21.09.2021 12:32 - Views: 14779 - Clicks: 6129
The new forfeiture targets a targeted inventory that already includes future profits from The Wolf of Wall Streetthe blockbuster movie that starred DiCaprio, plus Old Masters artwork and luxury real estate in New York and California. In all, the federal effort ranks as the largest action ever pursued under the U. Kleptocracy Asset Recovery Initiative, prosecutors said.
The money used to buy the assets allegedly was stolen from 1MDB, a fund intended to help Malaysia by issuing bonds that would fund economic development projects. But federal prosecutors allege that a group of Malaysian officials and other conspirators from through siphoned away billions of dollars by diverting bond funds, defrauding foreign banks and other schemes. The conspirators then laundered the proceeds through personal investments, including luxury condos in New York City and a Beverly Hills hotel, luxury purchases, such as the purchase of the foot Cayman Islands-registered yacht Equanimity, and other transactions.
A federal court complaint filed in Los Angeles outlined an alleged Kuala Lumpur-to-Hollywood plot in which funds allegedly diverted from 1MDB became entangled with finances of well-known U. The alleged conspirators included Low Taek Jho, a Malaysian national the complaint said was involved in creating the 1MDB fund "and exercised ificant control over its dealings.
Another alleged plotter is Riza Shahriz Bin Abdul Aziz, a Malaysian national who is a friend of Low as well as the co-founder of Red Granite Pictures, a Hollywood movie production and distribution studio.
The studio also owns rights to future profits from The Wolf of Wall Street. Funding for the artwork was allegedly diverted from 1MDB bond sales. Low was identified as the alleged benefactor who provided the Arbus and Basquiat gifts. Acting on DiCaprio's behalf, representatives of the actor contacted the Department of Justice in July to determine whether any gifts or charitable donations originated with people named in an earlier 1MDB forfeiture action.
DiCaprio offered to return any gifts or donations, with government assistance. Before Thursday's court filing, DiCaprio "initiated the return of these items, which were received and accepted by him for the purpose of being included in an annual charity auction to benefit his eponymous foundation," representatives of the actor said in a statement.
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