The Wall Street Journal: U.S. seeks to seize assets in 1MDB case, including jewelry, movies, yacht

The Wall Street Journal: U.S. seeks to seize assets in 1MDB case, including jewelry, movies, yacht

U.S. prosecutors have broadened their effort to seize assets they allege were bought with money stolen in a Malaysian financial scandal, filing lawsuits to claim jewelry given to model Miranda Kerr, movie posters and artwork given to Leonardo DiCaprio, and a megayacht known as the Equanimity.


The suits, filed Thursday by the U.S. Justice Department, are the latest seeking to claim property and other assets linked to alleged fraud at a Malaysian state fund called 1Malaysia Development Bhd., known as 1MDB. Thursday’s suits aim to recover $540 million in property, bringing the total amount claimed by the U.S. Justice Department to more than $1.6 billion.


The government is also trying to seize the rights to movies “Dumber and Dumber To,” starring comedian Jim Carrey, and “Daddy’s Home,” which are held by Red Granite Pictures, a production company chaired by the stepson of Malaysian Prime Minister Najib Razak.


Civil asset forfeiture lawsuits are filed against the assets themselves and not individuals. Owners of the assets can contest the forfeiture.


An expanded version of this report appears on WSJ.com.

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