someoneyouknow
Literotica Guru
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- Jun 5, 2006
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This is a long and convoluted case, but in short, a person who raised campaign funds for the con artist and his inauguration committee, was also involved in a multi-million dollar money laundering scheme to cover up the embezzlement of billions from a Malaysia state-owned fund which included at least one person from the Fugees as well as Goldman Sachs.
1MDB is not the name of a gang, but is the shortened version of 1 Malaysian Development Berhard fund. This national fund was looted by Malaysian financier Jho Low. With authorities hot on his trail, Mr. Low contacted Elliott Broidy.
As to that Fugees connection:
But wait, there's more! Mr. Broidy is linked with Michael Cohen when Cohen enabled a $1.6 million payoff to a Playboy model who became pregnant during an affair with Broidy. The revelation of this affair led to Broidy stepping down as deputy finance chairman of the Republican National Committee.
Only the best criminals for the con artist.
https://www.nytimes.com/2018/11/30/us/politics/broidy-trump-foreign-money.html
1MDB is not the name of a gang, but is the shortened version of 1 Malaysian Development Berhard fund. This national fund was looted by Malaysian financier Jho Low. With authorities hot on his trail, Mr. Low contacted Elliott Broidy.
In March 2017, Mr. Low’s associates were looking to retain “someone with political influence,” according to a Friday filing. Their goal was to help him deflect efforts by American authorities to seize assets bought with money he was accused of siphoning from 1MDB, and to end the Justice Department investigation into his activities, according to the filings. They indicate that, after Mr. Low expressed interest in hiring Mr. Broidy and Ms. Rosenzweig’s [Broidy's wife's] law firm, Mr. Michel met with Mr. Broidy and an associate “and explained Jho Low’s situation in the 1MDB matters.”
. . .
At least $6 million was transferred to Ms. Rosenzweig’s law firm through various accounts set up to “disguise the true source, origin and purpose of the funds, and, specifically, to conceal from U.S. financial institutions Jho Low’s ownership, control and affiliation with these funds and transactions,” according to the filings.
. . .
The filings also detail a memo sent in August 2017 by Mr. Broidy’s assistant to him outlining talking points intended to ease concerns about the 1MDB scandal that were apparently intended for use by Najib Razak, then the prime minister of Malaysia, during a conversation with Mr. Trump.
And the court filings indicate that Mr. Low’s allies talked with Mr. Broidy about using his “political connections to lobby United States government officials” to force the exit of a Chinese dissident from the United States.
. . .
At least $6 million was transferred to Ms. Rosenzweig’s law firm through various accounts set up to “disguise the true source, origin and purpose of the funds, and, specifically, to conceal from U.S. financial institutions Jho Low’s ownership, control and affiliation with these funds and transactions,” according to the filings.
. . .
The filings also detail a memo sent in August 2017 by Mr. Broidy’s assistant to him outlining talking points intended to ease concerns about the 1MDB scandal that were apparently intended for use by Najib Razak, then the prime minister of Malaysia, during a conversation with Mr. Trump.
And the court filings indicate that Mr. Low’s allies talked with Mr. Broidy about using his “political connections to lobby United States government officials” to force the exit of a Chinese dissident from the United States.
As to that Fugees connection:
In his guilty plea, Mr. Higginbotham admitted that he and the entertainer and businessman Pras Michel, a former member of the Fugees, a defunct hip-hop group, arranged for millions of dollars of Mr. Low’s money to be transferred to a law firm owned by Mr. Broidy’s wife to pay them to try to end the 1MDB investigation.
But wait, there's more! Mr. Broidy is linked with Michael Cohen when Cohen enabled a $1.6 million payoff to a Playboy model who became pregnant during an affair with Broidy. The revelation of this affair led to Broidy stepping down as deputy finance chairman of the Republican National Committee.
Only the best criminals for the con artist.
https://www.nytimes.com/2018/11/30/us/politics/broidy-trump-foreign-money.html
