‘Wolf Of Wall Street’ Producer Riza Aziz Pleads Not Guilty To Laundering $248 Million

He was arrested a day earlier in Malaysia following allegations of looting a massive investment fund set up by his step father.

Aziz was charged with five counts of money laundering and faces up to five years in prison, if convicted. He is the third person in his family charged in theLast year, a government task force said Najib’s arrest was connected to a suspicious multi-million-dollar transfer into his bank account from SRC International, a former subsidiary of the fund known as 1MDB. Riza was also questioned in the case.

1MDB is the fund U.S. investigators allege misappropriated hundreds of millions of dollars. Investigators also say some of the money was used to fund the Martin Scorsese hit and other films on the Red Granite slate. Following the stateside investigation, Red Granite in 2018 agreed to pay $60 million to the U.S. government to settle claims it benefited from the 1MDB scandal. The U.S. in turn is returning the money to Malaysia.

- Hollywood is money laundering.

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'Wolf of Wall Street' producer charged in Malaysian scandalKUALA LUMPUR, Malaysia (AP) — 'The Wolf of Wall Street' producer and stepson of Malaysia's former prime minister pleaded not guilty on Friday to laundering $248 million from a state investment... How wonderful. inspirational =P So basically he treated The Wolf of Wall Street like a tutorial rather than a movie. Oh he really about that life,huh?
Source: AP - 🏆 728. / 51 Read more »

'Wolf of Wall Street' Producer Charged With Money Laundering, Faces 25 Years in PrisonProsecutors charged the Red Granite founder on five counts, alleging that he took $248 million in Malaysian state funds to finance movies and purchase luxury real estate around the world. The Irony. Oh wow.
Source: THR - 🏆 411. / 53 Read more »