Clinton Bundler Partnered With Malaysian Fund Under Investigation for Embezzling $3 Billion

[rangerrebew]

 Clinton Bundler Partnered With Malaysian Fund Under Investigation for Embezzling $3 Billion

Posted By Joe Schoffstall On August 25, 2016 @ 4:59 am In Issues | No Comments

A top bundler for President Barack Obama and now Hillary Clinton previously entered into a joint venture agreement with a Malaysian sovereign wealth fund accused of embezzling more than $3 billion dollars internationally.

The troubles surrounding 1Malaysian Development Berhad (1MDB), a state investment fund created by the Malaysian government to promote economic development in the country, has garnered increased headlines in recent days after it was discovered that actor Leonardo DiCaprio’s foundation is linked to the foreign entity.

DiCaprio was slated to host a $33,400-a-head fundraiser at his Hollywood Hills home Tuesday for Hillary Clinton but backed out last minute, citing a scheduling conflict. The fundraiser was moved to the home of Justin Timberlake and Jessica Biel. The Clinton campaign denied the change of venue had anything to do with DiCaprio’s foundation being tied to the embezzlement scheme, according to the Hollywood Reporter.
 

Article printed from Washington Free Beacon: http://freebeacon.com

URL to article: http://freebeacon.com/issues/clinton-bundler-partnered-malaysian-fund-investigation-embezzling-3-billion/

[mountaineer]

DiCaprio embroiled in Malaysian money scandal
AP 2:31 p.m. EDT October 18, 2016
USA Today

LOS ANGELES (AP) — Leonardo DiCaprio says he's awaiting direction from the U.S. Justice Department regarding any ill-gotten funds that may have supported his environmental foundation or 2013 film The Wolf of Wall Street.

The Oscar-winning actor released a statement through his representatives Tuesday saying he will return any gifts or donations connected to a Malaysian wealth fund, pending a fraud investigation of that fund by the U.S. and other countries.

Court filings in connection with the investigations allege a complex money laundering scheme intended to enrich top-level officials of the Malaysian government-controlled wealth fund.

"Both Mr. DiCaprio and (the Leonardo DiCaprio Foundation) continue to be entirely supportive of all efforts to assure that justice is done in this matter," the statement said. "Mr. DiCaprio is grateful for the lead and instruction of the government on how to accomplish this."

The Justice Department says that at least $3.5 billion has been stolen from the wealth fund, known as 1MDB, by people close to Malaysian Prime Minister Najib Razak. Najib created the fund in 2009 shortly after he took office to promote economic development projects in the Asian nation, but the fund accumulated billions in debts over the years. ...

The Justice Department complaints also do not mention DiCaprio by name, but make an oblique reference to "Hollywood Actor 1," who during his Golden Globe acceptance speech thanked "the entire production team" and singled out several people close to Najib implicated in the scandal as "collaborators" on the film.  ...

[skeeter]

The MSM must feel Clinton is far enough ahead now that they can begin salvaging their professional credibility.