On June 15, 2017, the Justice Department filed additional civil forfeiture complaints to recover an additional $540 million in assets as part of the investigation into 1MBD, the Malaysian sovereign wealth fund.  The investigation has revealed that 1MBD officials, with the help of their friends and families, diverted more than $4.5 billion through United States financial institutions in order to buy and invest in assets for personal use.  The most recent civil forfeiture action includes allegations that the 1MBD co-conspirators took $850 million—borrowed for the ostensible purchase of option buy-backs—and transferred it to offshore shell entities.  According to the complaint, money from these offshore entities was used to fund movies such as “Dumb and Dumber To” and “Daddy’s Home,” as well as to purchase diamond jewelry, artwork, and a mega-yacht.  Prosecutors had previously filed twenty other civil forfeiture suits as part of the investigation, seeking assets such as profits from the movie “The Wolf of Wall Street,” properties in New York and Los Angeles, and a private jet.  United States v. Certain Rights to and Interests in the Viceroy Hotel Group, 17-cv-4438 (N.D. Cal.).

DOJ Press Release