1MDB: Fugees rapper and Malaysian businessman indicted over Obama donations

US prosecutors say Jho Low, 37, transferred $21.6m to rapper Prakazrel Pras Michel for 2012 re-election bid

A founding member of the hip-hop group the Fugees and a Malaysian businessman have been indicted for making illegal contributions to former US president Barack Obamas 2012 reelection campaign.

*****************************************************

Recommended For You

LaunchShark Volume 2

LaunchShark V2 Is A Collection Of High-Converting, Professionally Designed Marketing Page Templates That Turn You Into An OptimizePress Pro!

Lead2List Elite Monthly

Leads2list captures leads from Facebook as per the niche you have set in. These leads are sought in a perfectly legit manner and rest assured the process is 100% GDPR complaint. Once the leads have been harvested Leads2list then feeds them straight into

WP GDPR Fix Developer Unltd Sites Yearly

Once you have the developer and agency rights to WP GDPR Fix all you have to do is tell your clients you have something that makes GDPR compliance easier. Next legally implement it on your client’s website. You can charge them a one time fee or a monthly r

*****************************************************

Haitian-American rapper Prakazrel Pras Michel, 46, and Jho Low, 37, were accused of conspiracy and other charges in the four-count indictment unsealed on Friday.

Low is a key figure in what is known as the 1MDB scandal, which has rocked Malaysian political and financial circles.

The presidential candidate receiving the contributions was not identified in the indictment and was referred to only as Candidate A.

But it has been widely reported and it was clear from the indictment that it was Obama.

The indictment alleges that between June and November 2012, Low transferred $21.6m to Michel for the purpose of funnelling significant sums of money into the United States presidential election.

Michel allegedly paid about $865,000 to about 20 straw donors so they could make donations in their names to a presidential joint fundraising committee.

More than $1m was allegedly funnelled to an independent committee also involved in the election.

The object of the conspiracy was for Michel and Jho Low to gain access to, and potential influence with, Candidate A and his administration, by secretly funnelling foreign money from Jho Low through Michel, the indictment said.

To gain further access to and influence with Candidate A and his administration, Jho Low attended or arranged for his associates to attend events at the White House with Candidate A, the indictment said.

*****************************************************

Recommended For You

Kaptiwa Monthly

Get this Lightning FAST Video Hosting and Marketing Software to Sell More and Deliver Faster Training for One-Time-Price

Voicematic

VoiceMatic, the world’s first AI-Powered Marketing Voice funnels software helps you Manage Your Contacts, Messages, and Leads using voice funnels instead of the traditional email follow-ups or webpages. Voicematic enables you to follow up ANY missed or in

X-Wave (Commercial)

- Rights to Resell Videos - AI Assistant - Music Upload - Photo Uploads - 10 Real Estate Templates - 10 Premium Generic Templates - 3-Day Live Training - Customer Support - Download Your Videos

*****************************************************

It is illegal for foreign nationals to contribute to US election campaigns.

According to the indictment, Michel and Low concealed their scheme from Obama and his campaign.

Michel appeared in court in Washington on Friday and pleaded not guilty.

Low remains at large and his whereabouts are unknown.

Mr Low is innocent and he is presumed innocent under US law, a spokesperson for Low said in a statement.

The allegations against Mr Low have no basis in fact: Mr Low has never made any campaign contributions directly or indirectly in the US and he unequivocally denies any involvement in or knowledge of the alleged activities.

Low has been indicted in New York in connection with the 1MDB case for allegedly conspiring to launder billions of dollars.

Huge sums were stolen from sovereign wealth fund 1MDB, allegedly by ex-prime minister Najib Razak and his cronies in a crime that stretched around the world.

Another defendant in the 1MDB case, Ng Chong Hwa, a former Goldman Sachs banker also known as Roger Ng, was extradited to the United States from Malaysia last week and pleaded not guilty in a court in New York on Monday.

Low, who was an adviser to Razak, is accused of plundering the fund to fuel a jet-setting lifestyle which included expensive yachts, purchases of multi-million dollar properties and lavish parties with Hollywood stars.

Original Article : HERE ; This post was curated & posted using : RealSpecific

*****************************************************

Recommended For You

XFUNNELS FE Commercial- World’s Easiest Free-Form Style Drag-n-Drop Page Editor and Smartest Funnel Bu

Make Lightning Fast High Converting Pages, Websites, eCom Stores and Funnels ?In Few Minutes Using Smartest Funnel Builder ?and World’s Easiest Free-Form Style Drag-n-Drop Page Editor

VidMatrix Personal

FIVE Video Creation Solutions For The Price of ONE

DigiProduct Lab LITE

The Newbie-Friendly, Cloud Based Software That Creates High-Quality Info Products You Can Sell In Just 60 Seconds

*****************************************************

This post was curated & Posted using : RealSpecific

Thank you for taking the time to read our article.

If you enjoyed our content, we'd really appreciate some "love" with a share or two.

And ... Don't forget to have fun!

Recommended

QuickAffiliatePro Elite

Get this Brand New Software That INSTANTLY Creates 1-Click SEO-Optimized and Traffic Pulling Affiliate Sites Stacked With Fresh, Unique Content and HOT Videos To Boost Sales and Affiliate Commissions 24*7 on Complete Autopilot.

Store Buildr - The Bird Lovers Paradise

The Ultimate ‘Done For You’ Niche Website Store!

MailPrimo Elite

World's No.1 and Most Powerful Cloud based Email Marketing Software to make them STOP Losing their Leads, STOP Paying Heavy Monthly Fees and Generate More Leads, Gets them Better Delivery, More Opens and Clicks completely hassle free...

Leave a Reply