Tuesday, August 23, 2016

Leonardo DiCaprio pulls out of Hillary Clinton’s fundraiser over $3bn embezzlement scam

Leonardo DiCaprio's decision to pull out of hosting Saturday's Hillary Clinton fundraiser may not have been due his busy schedule, it has been gathered.
DiCaprio, 41, handed hosting duties for the $33,400-per-guest event over to Justin Timberlake and Jessica Biel, saying he had to finish his latest film for the Toronto Film Festival in September.

However, there are speculations that he dropped the show because his foundation has been linked to a $3billion embezzlement scheme - at a time when Clinton's own foundation is under scrutiny, Page Six reported.

On Wednesday The Hollywood Reporter published an article that revealed The Leonardo DiCaprio Foundation (LDF) had been linked to a massive Malaysian scam. Approximately $3billion has been embezzled from 1MDB, a Malaysian sovereign wealth fund.

According to the Justice Department, Jho Low, 35, a Malaysian businessman and drinking buddy of DiCaprio's, spent an entire third of that sum by himself.

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