Tag Archives: Leonardo DiCaprio

Leonardo DiCaprio Implicated In Massive International Embezzlement Case

Leonardo DiCaprio has been implicated in a massive international embezzlement case and is being urged to pay back millions of dollars in suspect cash pumped into his charity and one of his films.

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The actor seems to have become embroiled in the $4.6 billion scandal via his ties to a Malaysian big spender called Low Taek Jho, better known as “Jho Low”.

Low, 35, is accused, along with others, of funneling the cash out of a Malaysian sovereign wealth fund called 1Malaysia Development Berhad.

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Accused: Malaysian businessman and DiCaprio drinking buddy Jho Low, 35, is accused of siphoning billions in Malaysian assets and giving some of it to DiCaprio’s Foundation.

According to The Hollywood Reporter, the notoriously decadent Low donated artworks worth about $2 million for charity auctions held by the Leonardo DiCaprio Foundation.

The Department of Justice complaint filed in the US District Court in LA, which claims Low spent more than $1.3 billion of the money on himself, also accuses Riza Aziz, the stepson of the Malaysian prime minister of benefiting from the scheme.

Aziz’s production company, Red Granite Pictures, bankrolled DiCaprio’s 2013 film The Wolf of Wall Street.

As the Reporter notes, although DiCaprio is only named twice – as “Hollywood Actor 1” – in the DOJ documents, the case has highlighted just how opaque the LDF’s financial affairs are.

“It’s difficult to characterize the giving of the DiCaprio Foundation because its status as part of the CCF makes it impossible to look at its finances,” Inside Philanthropy wrote in 2015.

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Pulled out: Leonardo DiCaprio pulled out of a presenting job for a Hillary Clinton fundraiser a few weeks ago, saying he was too busy working on a film – but some doubt that claim.

The scandal, which some media has speculated led DiCaprio to cancel his appearance at a $44,000-per-head fundraiser for Hillary Clinton, has prompted Malaysian rainforest charity Bruno Manser Funds to call on the actor to pay the money back.

“We are deeply disturbed that Leonardo DiCaprio and his foundation accepted assets that originate from the proceeds of corruption in Malaysia. This is a disgrace and in total contradiction with the declared aims of the Leonardo DiCaprio Foundation,” the fund’s director, Lukas Straumann said.

Source: Rifleman III Journal

 

Did Leonardo DiCaprio ditch $33,400-a-head Clinton Fundraiser because of links between his charity and $3bn Malaysian Embezzlement Scam?

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Leo DiCaprio’s decision to pull out of hosting Tuesday’s Hillary Clinton fundraiser may not have been due his busy schedule after all, it has been suggested.

DiCaprio, 41, handed hosting duties for the $33,400-per-guest event over to Justin Timberlake and Jessica Biel, saying he had to finish his latest film for the Toronto Film Festival in September.

But now some are speculating that he dropped the show because his foundation has been linked to a $3billion embezzlement scheme – at a time when Clinton’s own foundation is under scrutiny, Page Six reported.

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Pulled out: Leonardo DiCaprio pulled out of a presenting job for a Hillary Clinton fundraiser Tuesday, saying he was too busy working on a film – but some doubt that claim.

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Scrutiny: It’s been suggested that he dropped the gig because his foundation is under intense scrutiny – just as Hillary Clinton’s (pictured in California Monday) is at the moment.

On Wednesday The Hollywood Reporter published an article that revealed The Leonardi DiCaprio Foundation (LDF) had been linked to a massive Malaysian scam. 

Approximately $3billion has been embezzled from 1MDB, a Malaysian sovereign wealth fund.

According to the Justice Department, Jho Low, 35, a Malaysian businessman and drinking buddy of DiCaprio’s, spent an entire third of that sum by himself.

Low is said to have helped the LDF by buying marked-up champagne bottles at the actor’s birthday party in 2013 and paying $1.1million for art at an LDF-funding Christie’s auction.

He’s also said to have donated a Lichtenstein sculpture worth $700,000 to the LDF for another auction.

This, the Justice Department argues, is how DiCaprio’s foundation – which last year announced it had given $15million to global conservation efforts – became a cog in the globe-crossing scam.

Malaysian money is also said to have funded DiCaprio’s pet project ‘The Wolf of Wall Street,’ having been funneled into its production company, Red Granite Pictures.

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Accused: Malaysian businessman and DiCaprio drinking buddy Jho Low, 35, is accused of siphoning billions in Malaysian assets and giving some of it to DiCaprio’s Foundation.

But DiCaprio isn’t the only one with a foundation under scrutiny; the Clinton Foundation, used by Hillary and Bill Clinton has long been a target for Republican criticism. 

It has taken donations from politically troublesome parties like Saudi Arabia and the private military contractor known as Blackwater (now Academi).

Questions were raised about whether some contributors to the foundation had been given preferential treatment during Clinton’s time as Secretary of State.

And just today Donald Trump demanded that the Clinton Foundation be investigated.

This, Page Six suggested, is the real reason DiCaprio won’t present the show Tuesday: To avoid questions about both Foundations at a crucial political time for Clinton.

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Donations: Low is said to have spent $1.1million at a fund-raising auction for the foundation, among other expensive efforts to help it along.

However, it also quoted ‘a source close to DiCaprio’ who denied the claim.

‘Leo is stuck in New York until Wednesday to finish his current project in time for it to premiere at the Toronto Film Festival,’ the source said.

‘Not wanting to leave Hillary hanging, Leo called his friends Justin and Jessica and asked if they would host.’

DiCaprio’s documentary ‘The Turning Point,’ which chronicles his global warming awareness-raising efforts, will premiere at the Toronto Film Festival, which starts September 8.

Also on Saturday, DiCaprio and supermodel girlfriend Nina Agdal, 24, were involved in a minor car accident in the Hamptons. Neither was hurt.

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Pals: DiCaprio’s people say he was too busy working on new movie ‘The Turning Point’ ahead of September’s Toronto Film Festival, so gave the gig to Justin Timberlake and Jessica Biel. 

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Source: The Daily Mail