The Secret Money Behind ‘The Wolf of Wall Street’

http://www.wsj.com/articles/malaysias-1mdb-the-secret-money-behind-the-wolf-of-wall-street-1459531987

by jsm386 • 10 years ago

82 39 10 years ago

nateabele• 10 years ago

Dirty money funded the making of a movie about dirty money? And it involves the prime minister of Malaysia? Now all we need is an assassination plot, brainwashing, and Blue Steel.

FlailFast• 10 years ago

I have proof that all of those things are involved. Trouble is, the evidence is _in_ a computer.[1]

[1]https://www.youtube.com/watch?v=ZkwrIZQDt50 [2]

[2]Unrelated fun fact, that's pretty much how I code.

BinaryIdiot• 10 years ago

[2]Unrelated fun fact, that's pretty much how I code.

Some people may pretend otherwise...but that's how we all code.

chvid• 10 years ago

Here is your assination plot:

https://en.wikipedia.org/wiki/Hussain_Najadi

The sad state of Malaysian politics is that their politicians play the race card rather heavily; so even an openly corrupt and incompetant leader gets reelected because the ethnic Malays are afraid of loosing their privileges if the Chinese or Indian ethnic groups get bigger say in politics.

gopi• 10 years ago

This celebrities travelling in private jets and partying in yachts preach others about climate change!

newjersey• 10 years ago

People who take tax breaks can also oppose the tax breaks. I don't think this counts as hypocrisy.

ehnto2• 10 years ago

Perhaps the savings you make from tax breaks can help fund your opposition to tax breaks.

melling3• 10 years ago

if you took away celebrity jets and yachts, what percentage of CO2 would we eliminate? How many zeros should I use? Would this be a good approximation?

0.00000000001%

reddytowns5• 10 years ago

Why should we section off people that indulge with jets and yachts in a separate category and explain away their behavior on the basis that this is only a small group of people?

dbcooper• 10 years ago

Staggeringly brazen:

Mr. Al-Husseiny is an American who then headed Aabar Investments PJS, which is an arm of an Abu Dhabi sovereign-wealth fund known as IPIC. The state-owned firms did business with 1MDB. For instance, IPIC guaranteed some of the Malaysian fund’s bonds.
In connection with the IPIC guarantees, 1MDB reported in corporate filings that in 2012, it sent $1.4 billion to Aabar as collateral.
Investigators believe this money never got to Aabar in Abu Dhabi but went instead to a separate, almost identically named company that Mr. Al-Husseiny had helped set up in the British Virgin Islands, called Aabar Investments PJS Ltd., said people familiar with the probes.

jacobsimon• 10 years ago

Is this an April Fools Joke?

gscott• 10 years ago

At least it was a really good movie.

SixSigma• 10 years ago

the links check out

ernsheong2• 10 years ago

Hardly a joke. The 1MDB saga has been broiling Malaysia for the past year.

smallegan• 10 years ago

Do I smell a sequel?

fblp• 10 years ago

The wsj had been cranking put a lot of quality investigative journalism recently. I'm thinking of subscribing to them to support this.

stephenitis• 10 years ago

is there a tipping point?

unexistance• 10 years ago

how reliable WSJ is with their news source?

chollida1• 10 years ago

If you haven't done any reading on the fund behind all of this (1MBD) then you should, its all stuff that sounds like an onion article.

It has

- ties to the highest level of wall street, with a few very high up people at GS loosing their jobs over this,

- the prime minister of a small country,

- Cayman islands shell companies

- a few hedge funds who have had to be wound down because of this

- and now a holly wood connection

There are investigations in over 10 countries now due to the activities of this fund. I'm guessing there will be more jail time handed out from this than over the 2008 financial crisis.

http://graphics.wsj.com/1mdb-decoded/

https://en.wikipedia.org/wiki/1Malaysia_Development_Berhad_s...

55555• 10 years ago

Malaysia is a pretty decently sized country.

ehnto2• 10 years ago

This is all very exciting, they should make a movie about it.

yinghang• 10 years ago

Malaysia is by no means super huge, but it's definitely not a small country with a population of around 30 million people.

iambateman• 10 years ago

Does the WSJ do April Fools or something?

known• 10 years ago

Leave your conscience at your home if you wanted to work in WS

ernsheong2• 10 years ago

Watch a gripping video about 1MDB made by ABC Australia:

http://www.abc.net.au/4corners/stories/2016/03/28/4431284.ht...

The Secret Money Behind ‘The Wolf of Wall Street’

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