WASHINGTON — The United States moved Wednesday to recover more than $1 billion that federal officials say was stolen from a Malaysian sovereign wealth fund and that was used for high-end real estate, fancy artwork and production of the Hollywood film, “The Wolf of Wall Street.” Justice Department civil forfeiture complaints seek the forfeiture of property including a Manhattan penthouse and a Beverly Hills mansion, a $35 million private jet and paintings by Vincent Van Gogh and Claude Monet. The complaint, filed in Los Angeles, alleges a complex money laundering scheme that the Justice Department says was intended to enrich top-level officials of a government-controlled Malaysian wealth fund. That fund, known informally as 1MDB, was created in 2009 by the Malaysian government with the goal of promoting economic development projects in the Asian nation.
Similar Stories to U.s. Goes After More Than $1b Taken From Malaysian Fund on Bing News
ERIC TUCKER, Associated Press, The Columbian
Wed, 07/20/2016 - 10:54am
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