Swiss Beatz Reportedly Pocketed Millions in Embezzlement Scandal
Forum TalkCommunity Forum / Forum Talk 1 month ago 40 Views 0 comments
If you think that Pras Michel from the Fugees is the only hip-hop artist connected to the 1Malaysia Development Berhad (1MDB) scandal, you would be wrong. New reports link producer and Verzuz owner Swizz Beatz to the international multi-billion-dollar embezzlement scheme.
NEW YORK, NEW YORK – MAY 19: Swizz Beatz attends Gordon Parks Foundation Awards Dinner at Cipriani 42nd Street on May 19, 2022 in New York City. (Photo by Johnny Nunez/WireImage)
The International Scandal
The 1MDB scandal revolves around a massive theft from Malaysia’s sovereign investment fund, which was established in 2009 to promote economic development. Over $4.5 billion was misappropriated through fraudulent transactions involving high-ranking officials and their associates, according to the Justice Department.
The scandal gained global attention, with multiple countries launching investigations into the massive theft. The U.S. Department of Justice, which has filed lawsuits to recover assets, calls it one of the largest cases of financial fraud in history.
Several American celebrities, in addition to the Fugees founder, became linked to the scandal through their associations with Jho Low, a financier central to the 1MDB controversy. Low, who remains a fugitive from justice, is widely speculated to be hiding in China.
Leonardo DiCaprio, for example,...
0 Comments