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

vidgrafiX Pro

Biggest Video Graphic Asset Library

Animaze Commercial

Create incredible talking animated 3D avatar characters in beautiful scenes, with powerful text to speech function, lip synching technology and much more. Compatible with both windows and mac.

REVYOO Lite

Create A Profitable and Passive Video Review Business In Literally 3 Clicks!

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

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

Zcode system - free pick of the day

No guesswork, easy to use even if you have no clue about sports. Copy-paste winners!

AffiliFunnels PRO* | World's FASTEST and Automated Digital Product and Sales Funnel Creator!

Worlds #1 "Done-For-You" Digital Product and Sales Funnel Creator. Cloud Based App Creates High Converting Squeeze Pages, Digital Products and Sales Funnels In Under 60 Seconds! LOWEST One-Time Launch Special Price Today ONLY!

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

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

Snapishop Commercial

All Inclusive eCom Store Builder, With Commercial License Included

Zcode system - free football tips

Fully Automatic Sports Picks with 100% transparent performance since 2000

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

This post was curated & Posted using : RealSpecific

Thank you for taking the time to read our article.
**********************************************************

Interested in building a blog or auto-blog like this one ? Or just want to order one ?  Join our "Blogging Tips Tricks and Resources Skype" Group and let's chat about it. 

Join "Blogging Tips Tricks and Resources Skype" HERE

Interested in Starting your own Roku TV Channel ? Or interested in learning how to build one ? Join our "Roku TV Channel Development" Skype Group and let's chat about it. 

Join "Roku TV Channel Development" HERE

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

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

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

 
 

Recommended

eCom Cache

Ever wished you could get access to all the winning eCom products that you can launch right now and start crushing it? Easily... this is exactly what "eCom Cache" platform brings to the table.

Laser-Targeted Marketing 2019 Success Kit PLR

Get this Up-to-date "Laser-Targeted Marketing 2019 Success Kit" with PLR Rights and start cashing in huge by selling it as your own.

ScriptReel - Personal

ScriptReel is a cloud based video caption creation and audio translation app that uses Vega6's advanced Artificial Intelligence technology to automate caption creation and translation.

Leave a Reply