The Lisbon Reporter

WELCOME TO THE LISBON REPORTER. In an effort to keep our community informed of what is going on at local and Federal levels of government, we decided to create this on-line newspaper. It is our hope that this on-line newspaper will help you stay informed so that you can get involved and take action for the benefit of our ENTIRE community. Thank you for visiting and please check back frequently for information about what is happening in LISBON/LISBON FALLS, MAINE USA

Friday, August 26, 2016

FREE BEACON: Clinton Bundler Partnered With Malaysian Fund Under Investigation for Embezzling $3 Billion

Malaysian sovereign wealth fund entered joint venture with D.C. firm owned by bundler for Obama, Clinton

A 1MDB logo is set against the Petronas Twin Towers in Kuala Lumpur, Malaysia / AP

BY: Joe Schoffstall
August 25, 2016 4:59 am
A top bundler for President Barack Obama and now Hillary Clinton previously entered into a joint venture agreement with a Malaysian sovereign wealth fund accused of embezzling more than $3 billion dollars internationally.
The troubles surrounding 1Malaysian Development Berhad (1MDB), a state investment fund created by the Malaysian government to promote economic development in the country, has garnered increased headlines in recent days after it was discovered that actor Leonardo DiCaprio’s foundation is linked to the foreign entity.
DiCaprio was slated to host a $33,400-a-head fundraiser at his Hollywood Hills home Tuesday for Hillary Clinton but backed out last minute, citing a scheduling conflict. The fundraiser was moved to the home of Justin Timberlake and Jessica Biel. The Clinton campaign denied the change of venue had anything to do with DiCaprio’s foundation being tied to the embezzlement scheme, according to the Hollywood Reporter.