DOJ Moves To Seize DiCaprio's Picasso, Rights To "Dumb and Dumber To" As Part Of 1MDB Case

Tyler Durden's picture

As part of the ongoing money-laundering probe of Malaysia's sovereign wealth fund, 1MDB, which is perhaps best known for Goldman's enabling and participation in what may end up being one of the world's biggest, multi-billion, cross-border embezzlement schemes, on Thursday the DOJ moved to seize a Picasso and Basquiat paintings given to Leonardo DiCaprio, as well as rights to two Hollywood comedies, in complaints filed to recover about $540 million they say was "stolen" from 1MDB (with Goldman's help).

The DOJ filing was the latest in a long series of legal actions tied to money laundering at the fund set up by Malaysian Prime Minister Najib Razak in 2009 - who still remains in power - to promote economic development. In the complaint filed overnight, the department alleged that more than $4.5 billion was taken from 1MDB by high-level fund officials and their associates. Fraud allegations against 1MDB go back to 2009 and the fund is subject to money laundering investigations in at least six countries, including Switzerland and Singapore.

"This money financed the lavish lifestyles of the alleged co-conspirators at the expense and detriment of the Malaysian people," Kenneth Blanco, acting assistant AG said in a statement. The name of Goldman Sachs, which participated and directly profited from many of the 1MDB transactions,  was oddly missing from today's filing.

Najib has denied taking money from 1MDB or any other entity for personal gain, after it was reported that investigators traced nearly $700 million to bank accounts that were allegedly in his name.

And while we won't hold our breath to learn why Goldman's involvement was mysteriously dropped, Reuters reported that Leonardo DiCaprio has turned over an Oscar won by Marlon Brando to U.S. investigators probing the 1MDB money laundering.  DiCaprio also initiated the return of other, unidentified items that the actor said he accepted as gifts for a charity auction and which originated from people connected to the 1MDB wealth fund, they said in a statement.

Some background: last July, the Red Granite Hollywood production company was accused by the DOJ of using $100 million that prosecutors said had been diverted from the 1MDB fund to finance DiCaprio's 2013 film "The Wolf of Wall Street." Last October, DiCaprio said he was cooperating with the probe and would return any gifts or donations if they were found to have come from questionable sources.

"Mr. DiCaprio initiated return of these items, which were received and accepted by him for the purpose of being included in an annual charity auction to benefit his eponymous foundation," Thursday's statement said. "He has also returned an Oscar originally won by Marlon Brando, which was given to Mr. DiCaprio as a set gift by Red Granite to thank him for his work on 'The Wolf of Wall Street,'" the statement added.

Authorities also accused Jho Low, a Malaysian financier, of laundering more than $400 million stolen from the fund through an account in the United States, where he and his friends used the money to pay for lavish parties, gambling and yachts. Despite the civil allegations, U.S. authorities have not charged Low with any crime. The DOJ said that in 2014 Low used $3.2 million diverted from a 1MDB bond sale to buy a Picasso painting for DiCaprio. "Dear Leonardo DiCaprio, Happy belated Birthday! This gift is for you," a friend of Low's wrote in a note.

Low also used $9.2 million diverted from 1MDB bond sales to buy a collage made by the New York artist Jean-Michel Basquiat which was also given to DiCaprio. DiCaprio and Low signed a note in March 2014 absolving the star of "any liability whatsoever resulting directly or indirectly from these art-work," according to the filings.

It was not clear from DiCaprio's statement whether he had already returned the Picasso and Basquiat paintings, and a Diane Arbus photograph that was also listed in the DOJ legal filing.

Separately, the DOJ filing also sought to seize the assets of two other Red Granite produced films which investigators allege were financed by money from the 1MDB fund - the 2014 comedy "Dumb and Dumber To" starring Jim Carrey, and 2015 comedy "Daddy's Home" starring Will Ferrell.  Last year, the DOJ also tried to seize the rights to "The Wolf of Wall Street" although the LA-based Red Granite Pictures said in a statement on Thursday it was "actively engaged in discussions with the Justice Department aimed at resolving these civil cases and is fully cooperating."

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Zarbo's picture

Clinton Foundation next?  /sarc

Croesus's picture

Another LIBTARD Hollywood creep, caught in something dirty...there's a surprise.

"Hi can I speak with Leonardo?"

"Who's calling, please?"

"Jho Low"

"Joe Blow?"

"No, no, Jho Low".

"J-Lo?"

"JHO LOW"

"Jell-o?"

"Hello?"

Jim Sampson's picture

And these stupid mentally fucked up people are the ones telling us how to live...  smh

NoDebt's picture

I wonder whose office in DC that Picasso is going to grace.  The Basquiat?  Well, you can see similar on any graffiti-strewn wall in any inner city.  That one you could just give to Maxine Waters.

 

847328_3527's picture

These crooks are scared out of their wits now that Trump/Sessons are there.

Holder and Lowrenta and (needless to say) Comey would look the other way for sure. They are too busy criticizing police departments and white folks and Comey too busy leaking top secret info the WaPo and New York Slimes.

BTFDemocracy's picture

1MDB ... sounds like the owner of https://www.accredited-times.com/

also owns 1MDB. Where is our MillionDollarBonus?

Richard Chesler's picture

Teflon cockroaches GS.

Good to see DOJ got its priorities straight.

ThaBigPerm's picture

Yes, now we know where those million-dollar bonuses came from ;)

Alt RightGirl's picture

So Hollywood is in bed with crooks.

No wonder wonder cankles showes around so much

Failed Hillary Clinton Thinks Herself as Wonder Woman


blueyefinity@yahoo.com's picture

So j00s swindling honest businesses all over the globe.

What else is new?

 

TwelveOhOne's picture

GTFO you naked spammer.

I find it amusing in reading this, that "1MDB" is so close to "IMDB", at which Leonardo showcases his film propaganda productions.

Stuck on Zero's picture

Di Caprio never consulted with an attorney? Any attorney would have questioned money sources, gifts, donations, and other forms of payment and gotten everything cleared in writing in long detailed contracts. Also, all sources of income (including lavish gifts) would have been declared for tax purposes.

jcaz's picture

Leonardo the boy-toy........

thisandthat's picture

MDB? Our MDB?

I'm shocked, shocked to find that corruption is going on in here! We should get Comey on the case; he seems like the right guy to handle the job.

Croesus's picture

@ No Debt:

Modern art, imho, is garbage, just pure crap. Promoted by (((Tribesmen))), packaged and sold to gullible buyers. Coincidentally, the prices of good paintings, including 17th century Dutch known, lesser artists have taken a hit.

(((Tribe Tactic))) - Push buyers towards garbage, so demand for good stuff falls. Buy the good stuff, for peanuts. Buy up the supply, and then kick-in the promotion.

Rusty Shorts's picture

That's exactly what's happening in Cuba as I type this reply, there are/is some fantastic art works there in Cuba. 

3rdWorldTrillionaire's picture

Serious question from a serious purchaser.... what would you recommend?

Endgame Napoleon's picture

Traditional art skills have been deemphasized in art schools for decades, but students started teaching themselves and/or attending ateliers (if wealthy enough) AFTER finishing art degrees that focused more on theory. It does not have much to do with Jews. It was the general thrust of art for decades, although some great artists were Jews. Most of the modernists and the conceptual artists are/were not Jewish. Even though traditional art is amazing, there are many modern masters. As with traditional art, it depends on the artist. A lot of people just rode the modern trends, not producing anything that impressive, and the same thing is true with traditional art. Most people who do artwork, whether traditional or modern, really more like decorative artists, which is fine. The decorative arts are important. The problem is that people are encouraged to believe that everyone can be a Picasso. That is not how art was taught in the past. They had guilds. It was a practical trade for most.

arby63's picture

Tell me about it. I thought the article was about Jennifer Lopez and computer memory for a while there!

Yog Soggoth's picture

I thought the same thing, except now he will be back as Billion Dollar Boner.

Economiffed's picture

Sessions is the swamp! He won't do shit!

buttmint's picture

...thanks No Debt! I just spewed some Angry Orchard hard cider all over my keyboard!

Keep up the fine work!

LOL!

Hongcha's picture

A Japanese collector just bought a Basquiat for over $100MM.  Got to pay to play!

Stuck on Zero's picture

At least he got a painting. Michael Phelps paid $100M for a simple toke and has nothing to show for it.

BLOTTO's picture

Just another hollywood 'star' brainwashed from an early age and probably sexualized and corrupted from the days of Growing Pains.
.
Perversion debauchery and satanism rules tinsel town.

veritas semper vinces's picture

I love it.The 0.01% are going after the 1% who lost their usefulness. The rats are starting eating other rats,the end for Jewmerica is near

subversion's picture

Much like Trudough this loser goes to Soros for world advice.

Lumberjack's picture

Man bear pig???

Fucking outstanding!!!! Clap clap clap.... standing ovation!

junction's picture

No probe yet of the Genting Group, so this Justice Department investigation is a total phoney targeting outsiders.

adeptish's picture

This is what happens when you don't pay the vig.

any_mouse's picture

Whoa! They are eating their one of their own?

The same DOJ that cannot investigate, much less prosecute Clintons or Fast and Furious?

Somebody higher up the food chain wants that Picasso.

opport.knocks's picture

The FBI Clinton "matter" is officially called "Slow and Spurious" inside the beltway.

jldpc's picture

Big time crooks, Hilary small time crook. But we can hope they get to her sooner rather than later.

aliens is here's picture

DiCRAPIO more like it.

WillyGroper's picture

guess the lil jet setter is feeling a bit of heat with all that glowbull warming.

Cordeezy's picture

Crooked leftist getting caught up again

 

 

 

www.escapeamazon.com

 

 

Wilcox1's picture

I wondered why he always had that shit eating grin the last couple years.

SmedleyButlersGhost's picture

Why does every large fraud story start with... "Goldman Sachs...."?

GRDguy's picture

Because if it involves lyin', stealin' or killin' on a mass-scale,

they're the agent of The Great Red Dragon you can really count on.

youarelost's picture

Fuck you Leo you cardon credit asshole

lester1's picture

Why does DiCaprio have 6 homes and fly in a dirty corporate jet??

 

I thought he cared about climate change?...

lester1's picture

DiCaprio has 6 homes..

Imag if those 6 homes housed a family of 4..

 

DiCaprio used as much energy as 24 people!!!

 

Hypocrite!!

DrLucindaX's picture

One wonders if Leo pulled the Oscar out of his ass.

HRH Feant2's picture

Probably. I recently watched "Wolf of Wall Street." The chanting crap at the beginning was juvenile. Towards the end I just laughed when I saw DiCaprio naked with a lit candle shoved up his ass. I doubt that was his first time having that experience.

Bureau of compliance's picture

Vomited at the table during the last Spirit Cooking? I'm only guessing, but someone is pissed.

HA. made a funny.