Thursday, January 31, 2019

Pras Stands to Lose Millions in Malaysian Bond Scandal


Last month Fugees rapper Pras was linked to the Malaysian bond scandal headed up by financier Jho Low and Kimora Lee Simmons' husband Tim Liessner [click here if you missed that].

Now Pras is desperately fighting a $38 million forfeiture complaint...
 
From The Daily Mail
Former Fugees rapper Pras has become the latest American celebrity to find himself tangled up in a massive Malaysian embezzlement scandal.
Prakazrel 'Pras' Michel, a founding member of the hit 1990s group, is now fighting the US government over a $38million civil forfeiture complaint.
Michel is accused of aiding a scheme to try and get the Justice Department to drop an investigation into embezzlement from a Malaysian investment fund, according to the complaint.
It claims Michel was looped into the scheme by the brother of Jho Low, a fugitive Malaysian financier who was charged by the Justice Department last year with embezzling from the fund - known as 1MDB - to finance his luxurious lifestyle.
Michel allegedly opened bank accounts under false pretenses to help finance a lobbying campaign that unsuccessfully tried to shut down the investigation into 1MDB.