Banker Behind Biggest Malaysian Corruption Scandal Indicted For Donation To Obama Campaign

Posted by freedomforall 1 week ago to Politics
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Pras Michel, the Fugees rapper who once included a cameo appearance from a pre-Apprentice Donald Trump on his hit solo album "Ghetto Supastar", has been indicted alongside the Malaysian banker and alleged mastermind of the $4.5 billion 1MDB fraud for funneling money stolen from the doomed sovereign wealth fund to benefit President Obama's reelection campaign.

Michel and Low were indicted Friday afternoon in the same indictment, which - for those who have been keeping track of the sprawling 1MDB probe - ties the 1MDB scandal - one of the biggest financial frauds in history - and former Malaysian Prime Minister Najib Razak to political organizations that supported Obama's reelection campaign. And where did this money come from initially? Why, it was raised by Goldman Sachs!

The charges are an outgrowth of the sprawling federal probe into the collapse of 1MDB, which was purportedly looted by former Prime Minister Najib Razak, Low and members of their inner circle. While Michel is in custody, Low remains at large.

Remember this the next time Democrats denounce foreign interference in American elections.
SOURCE URL: https://www.zerohedge.com/news/2019-05-10/ex-fugees-star-be-charged-funneling-1mdb-money-obama-reelection-campaign


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  • Posted by 1 week ago
    Here are the relevant facts behind the indictments, according to the statement:

    — Between June 2012 and November 2012, Low “directed the transfer of approximately $21,600,000 from foreign entities and accounts” to his partner, Michel, to funnel “significant sums of money” into the U.S.

    — The money was being transferred ostensibly for “legitimate contributions, all while concealing the true source of the money.”

    — In order to conceal the transfers, Michel paid around $856,000 he got from Low to 20 or so straw donors (“conduits”) so those donors could make donations in their own names to a presidential joint fundraising committee.

    — “In addition, Michel personally directed more than $1 million of the money received from Low to an independent expenditure committee also involved in the presidential election in 2012.”

    The straw donations and funneling caused false financial disclosures to the Federal Election Commission, according to the indictment.

    The charges all come from a wide-ranging investigation into the collapse of 1MDB, which was allegedly defrauded by former Prime Minister Najib Razak, Low, and close members of the Razak inner circle.
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  • Posted by  $  Olduglycarl 6 days, 13 hours ago
    Was reading this a few days ago...no wonder it sounded familiar!...gettin old bud.

    I bet that is just the tip of the obobo campaign donation iceberg. I would expect others across the world...seems that obobo and supportive ilk weren't as clumsy and stupid as the hiltery crowd.
    Hope it's broadcasted to the whole world.
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  • Posted by  $  blarman 6 days, 16 hours ago
    Thanks for posting. Hadn't heard about this. Just makes it all the more disgusting what lengths that Democrats will go to, as well as their blatant hypocrisy on this whole Mueller probe.
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