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[massoluk]

http://www.bloomberg.com/news/artic...all-street-sued-as-u-s-seeks-1mdb-tied-assets

The U.S. Justice Department is seeking to seize more than $1 billion in assets including real estate, art and proceeds from the “Wolf of Wall Street” movie that it says were illegally acquired with money diverted from the embattled Malaysian development fund known as 1MDB.

Funds diverted from 1MDB were used for the personal benefit of public officials and their relatives and associates to purchase luxury real estate in the U.S., pay gambling expenses at Las Vegas casinos and acquire more than $200 million in artwork, the Justice Department said in a court filing Wednesday in federal court in California.

More than $3.5 billion was misappropriated from the fund, and about $1 billion was laundered through the U.S. banking system, the Justice Department said
...
The 1MDB affair has stretched from Malaysia to Singapore, Abu Dhabi, Switzerland, the Caribbean, Hong Kong and the U.S. and touched the upper reaches of global finance.

Swiss authorities have estimated that about $4 billion may have been misappropriated from state companies in the Southeast Asian nation. A Malaysian parliamentary committee identified at least $4.2 billion of irregular transactions by the fund.

The case is U.S. v. “Wolf of Wall Street,” 16-05362, U.S. District Court for the Central District of California.

Man, Wall Street.

 

[SymbiantXenos]

Would buy a ton of ludes

 

[Grizzlyjin]

Wolf of Wall Street 2: Malaysian Boogaloo

 

[Nerdkiller]

 

[GrizzleBoy]

Gotta get that Christmas money.

 

[Septimus Prime]

I don't really understand what the movie has to do with this, other than that it may have been funded by 1MDB and that the government is going after its royalties. Why is it the primary defendant?

 

[Stinkles]

I don't really understand what the movie has to do with this, other than that it may have been funded by 1MDB and that the government is going after its royalties. Why is it the primary defendant?

I'm going to fix the first sentence, since it gave me parsing cancer.

The U.S. Justice Department is seeking to seize more than $1 billion in assets including real estate, art and proceeds from the embattled “1MDB” Malaysian development fund - including some proceeds from the famous "Wolf of Wall Street" movie that it says were illegally acquired with money diverted from the fund.

 

[Machine]

Misleading thread title. They are seeking $1 billion, a portion of which is royalties from the movie.

 

[VeryGooster]

I can't unsee IMDb in this story.

 

[Alrus]

I'm going to fix the first sentence, since it gave me parsing cancer.

Thanks for clarifying, I was really confused because the movie certainly did not bring in that much money.

 

[B-Dubs]

Would buy a ton of ludes

Are there even that many?

 

[massoluk]

Misleading thread title. They are seeking $1 billion, a portion of which is royalties from the movie.

Hey, my options are limited. It either having a non-misleading thread title or insert "Can't make this shit up."

Priority, man.

 

[WhateverItTakes]

So a film about Wall Street excess and shadiness was purposefully/accidentally used to launder money?

It's like poetry, it rhymes.

 

[TAJ]

The copy editor is a dying breed.

 

[captive]

The copy editor is a dying breed.

automation will fix it. /s


Thank you Stinkles for fixing it.

 

[Septimus Prime]

I'm going to fix the first sentence, since it gave me parsing cancer.

Thanks. That makes a lot more sense.

 

[SymbiantXenos]

Are there even that many?

Only from the 80s

 

[The Beard]

I'm going to fix the first sentence, since it gave me parsing cancer.

Thanks, it actually makes sense now, because the movie didn't make anywhere near $1billion.

 

[andythinkpad]

I love this news. There are so many gif you can use.

Who is the head of 1MDB you can photoshop into Leo's body?