Goldman Sachs arranged transaction to launder stolen Malaysian funds & finance "Wolf Of Wall Street"

[Miles Archer]

DOJ Moves To Seize Stolen Money Used To Finance ‘Wolf Of Wall Street’
The DOJ alleges that a production company used millions stolen from a sovereign wealth fund to finance “The Wolf of Wall Street.”

WASHINGTON (Reuters) - U.S. prosecutors sued on Wednesday to seize more than $1 billion in assets they said were tied to an international scheme to launder money stolen from the Malaysian state fund 1MDB, which was overseen by Prime Minister Najib Razak, and used to finance the Hollywood film “Wolf of Wall Street” and to buy property and famous works of art.

Civil lawsuits filed in federal court did not name Najib, referring instead to “Malaysian Official 1.” Some of the allegations against this official are the same as those in a Malaysian investigation over a $681 million transfer to his personal bank account.

***

One transaction targeted by prosecutors was a $3-billion bond offering in early 2013 that was “arranged by Goldman Sachs International,” said U.S. Attorney Eileen Decker at the briefing. She is the chief prosecutor in central California.

“Approximately $137 million of the pilfered money was spent to purchase works of art, including a $35 million work by Claude Monet,” Decker said. She said funds diverted from one bond offering were also traced to the purchase of an interest in the Park Lane Hotel in New York. Prosecutors want forfeiture of about $250,000 invested in the hotel.

http://www.huffingtonpost.com/entry/doj-wolf-wall-street_us_578ffc5ee4b0bdddc4d31236?section=

[MattP]

1. So a movie about wall street corruption was funded by wall street corruption