Monday, May 23, 2022
HomeMiddle ColumnUpdate: Leonardo DiCaprio urged to repay donations tied to massive Malaysian 'embezzlement...

Update: Leonardo DiCaprio urged to repay donations tied to massive Malaysian ’embezzlement scheme’ (UK Paper changed report) 

-

Leonardo DiCaprio urged to repay donations tied to massive Malaysian ’embezzlement scheme’

2013 film The Wolf of Wall Street with Leonardo DiCaprio as immoral trader Jordan Belfort
2013 film The Wolf of Wall Street with Leonardo DiCaprio as immoral trader Jordan Belfort CREDIT: MARY CYBULSKI

Leonardo DiCaprio’s charity has been urged to repay donations linked to a Malaysian fund that backed his film The Wolf of Wall Street. The foundation is being investigated by the US department of justice over alleged ties to a $3.5 billion embezzlement scandal whose “misappropriated” funds were used to bankroll the 2013 film, according to reports.

The actor is now facing calls to “give the dirty money back”. According to the US department of justice, certain donations to the Oscar-winner’s environmental charity, the Leonardo DiCaprio Foundation, (the LDF), came directly from billions of dollars siphoned from the Malaysian sovereign wealth fund 1MDB.

The department filed a complaint in Los Angeles last month in what has been called the world’s largest embezzlement case, saying that at least $1 billion (£0.76 billion) traceable to the conspiracy was laundered through the US and used to purchase “assets” there.

- Advertisment -

Related Articles

Claim: How a Cognitive Bias is Blocking the Rise of Electric Cars

“Until now, initiatives related to the energy transition generally focused on the technological and financial barriers to their realization. Psychological factors have been given...

Australia Has Finally Caught the ‘Net Zero’ Bus

It will be interesting to see how the new Prime Minister, Anthony Albanese, makes it work, given he now has a clear mandate to...

Weather-Dependent Power Generation

Any assertion that “Renewables” are reaching cost parity with conventional power generation is patently false.