If Spending $13 Million In Stolen 1MDB Funds Over A Period Of Three Days In Vegas Is Wrong, The Prime Minister Of Malaysia's Stepson Doesn't Wanna Be Right
Say what you will about the $3.5 billion Malaysian development fund fraud, but it apparently afforded Prime Minister Najib Razak's stepson, Riza Aziz, a sweet three-day weekend in Vegas and brought Jordan Belfort's boiler room scamto the big screen.
More than $3.5 billion traveled a trail of fraud from Malaysia through a web of shell companies, fueling a spending binge on Monet paintings and luxury real estate in the U.S. and Britain, with at least $700 million flowing back into accounts controlled by Malaysia’s prime minister. Along the way, some of the money was handled by international banks including Goldman Sachs Group Inc., JPMorgan Chase & Co., Standard Chartered Plc and Deutsche Bank AG. Some of the money funded a Hollywood blockbuster, “The Wolf of Wall Street.” The stepson of Malaysia’s prime minister and associates sent more than $13 million to a Las Vegas casino for three days of gambling for a group that included an unidentified film actor whose description matches that of the film’s star, Leonardo DiCaprio.
U.S. Maps 1MDB Fraud Trail From Kuala Lumpur to Hollywood [Bloomberg]