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Banker Behind Biggest Malaysian Corruption Scandal Indicted For Donation To Obama Campaign

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[youtube https://www.youtube.com/watch?v=wLoWZE8E9Ow&w=560&h=349]

Pras Michel, the Fugees rapper who once included a cameo appearance from a pre-Apprentice Donald Trump on his hit solo album “Ghetto Supastar”, has been indicted alongside the Malaysian banker and alleged mastermind of the $4.5 billion 1MDB fraud for funneling money stolen from the doomed sovereign wealth fund to benefit President Obama’s reelection campaign.

Yes, you read that right.

The rapper, who has largely faded into obscurity until he appeared in several stories about Malaysian financier Jho Low’s lavish Vegas parties, was identified as a close friend of Low, and allegedly helped open bank accounts in the US that were used to disguise the source of Low’s money, which was donated to PACs working to support Obama’s reelection bid.

Michel and Low were indicted Friday afternoon in the same indictment, which – for those who have been keeping track of the sprawling 1MDB probe – ties the 1MDB scandal – one of the biggest financial frauds in history – and former Malaysian Prime Minister Najib Razak to political organizations that supported Obama’s reelection campaign. And where did this money come from initially? Why, it was raised by Goldman Sachs!

Jho

So an international fugitive who is believed to be hiding somewhere in China under the official protection of the Communist Party illegally used foreign money to tamper with a US election.

Sometimes, the truth can be stranger than fiction.

Both men were charged with one count of conspiracy to defraud the United States (one of the charges that was bandied about by Russian collusion conspiracy theorists like Rachel Maddow).

Here’s more from the DoJ press release announcing the charges.

A United States entertainer and businessman and a Malaysian financier were charged  in a four-count indictment unsealed today in the District of Columbia for conspiring to make and conceal foreign and conduit campaign contributions during the United States presidential election in 2012, announced Assistant Attorney General Brian Benczkowski of the Justice Department’s Criminal Division.

Prakazrel “Pras” Michel, 46, and Low Taek Jho, 37, also known as “Jho Low,” were charged with one count of conspiracy to defraud the United States government and for making foreign and conduit campaign contributions.  Michel also was charged with one count of a scheme to conceal material facts and two counts of making a false entry in a record in connection with the conspiracy.  Michel appeared today for his arraignment before U.S. Magistrate Judge G. Michael Harvey in the District of Columbia.  Low remains at large.

The charges are an outgrowth of the sprawling federal probe into the collapse of 1MDB, which was purportedly looted by former Prime Minister Najib Razak, Low and members of their inner circle. While Michel is in custody, Low remains at large.

Remember this the next time Democrats denounce foreign interference in American elections.

And for anybody interested in hearing that deep-cut Trump cameo, check it out below:

[youtube https://www.youtube.com/watch?v=wLoWZE8E9Ow]


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About The Author

Tyler Durden

Zero Hedge's mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information's unending quest for freedom. Visit https://www.zerohedge.com

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