Ex Fugees Member Tied Up In Fight With U S Justice Department

Jho Low is a shady billionaire who is accused of masterminding the theft of $4.5 billion from a Malaysian government fund that was designated for economic development. Low is sort of the opposite of Robin Hood. The U.S. Justice Department has been pursuing him for a few years and has tried to seize many of the assets Low and his co-conspirators bought with the purloined funds. To sum up the global brouhaha over the alleged theft – money went missing from a Malaysian government fund. Then, much of it was spent in an enormous global shopping spree. Some of the money was even used to finance the Leonardo DiCaprio film The Wolf of Wall Street, which was based on the life and crimes of Jordan Belfort. All in all, authorities believe that $1.7 billion worth of art, property, jewelry, investments – just all of the things that money can basically buy – were purchased using the stolen funds. Officially, no person has been charged with a crime yet, but the assets are considered proceeds of a crime and therefore subject to being seized. The complaint about Michel alleges that he helped Low by opening bank accounts to finance the scheme. The Justice Department is trying to recover about $38 million from Michel that they believe is connected to the fraud. Michel isn’t the only famous person to get tied up in this scandal. Low is the ex-boyfriend of Miranda Kerr. She turned over $8.1 million in jewels Low gave her. During their relationship, Low bought her a 22-carat pink diamond set in a diamond necklace bought for $27.3 million, an 11.72-carat heart-shaped diamond inscribed with Miranda Kerr’s initials bought for $1.29 million, and an 8.88-carat pink diamond pendant bought for $4.6 million. In 2017, Leonardo DiCaprio surrendered a Picasso painting and an Oscar won by Marlon Brando that Low had given him. The accusations about Michel became public when it was revealed that George Higginbotham, a former employee of the Justice Department, pled guilty to making the transfer of tens of millions of dollars into the U.S. to finance a lobbying effort encouraging officials to drop the investigation into the Malaysian corruption. Prosecutors are alleging that Michel worked with Higginbotham to open accounts at U.S. banks and that Michel paid the people involved in the lobbying effort. Michel has denied the complaint against him and his attorney have asked that it be dismissed. Michel issued the following statement: