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05/15/2019 / By JD Heyes
As Democrats in Washington, D.C. and their sycophantic allies on the cable news channels continue to claim that POTUS Donald Trump is corrupt and that the evidence for it must exist — somewhere — a new scandal involving his predecessor, Barack Obama, has surfaced.
And it’s a doozy.
A Malaysian banker who allegedly masterminded the $4.5 billion fraud and theft of the 1MDB, a doomed sovereign wealth fund, has been indicted along with Pras Michel, “the Fugees rapper who once included a cameo appearance from a pre-Apprentice Donald Trump on his hit solo album “Ghetto Supastar,” Zero Hedge reported Friday.
What’s the link to Obama? Money stolen from the wealth fund was funneled to former President Obama’s reelection campaign.
Michel hasn’t done much in terms of making music and releasing albums lately. In fact, most people had not heard his name mentioned much at all until stories began to surface about Malaysian financier Jho Low’s outlandish parties in Las Vegas and how Michel was a close friend.
In addition, Michel allegedly assisted Low in opening bank accounts in the United States that were then utilized to stash and hide the source of Low’s funds, then donated to political action committees working to reelected Obama.
Both men were busted on Friday in the same indictment which, as Zero Hedge noted further:
…[F]or those who have been keeping track of the sprawling 1MDB probe – ties the 1MDB scandal – one of the biggest financial frauds in history – and former Malaysian Prime Minister Najib Razak to political organizations that supported Obama’s reelection campaign.
And wouldn’t you know that the money was initially raised by Goldman Sachs, one of those ‘evil’ banks that Obama and Democrats sought to ‘target’ in 2009 and 2010 with a major new “financial reform” law that created the Consumer Financial Protection Board, believed to be above the law, virtually, and out of Congress’ hands to regulate (a federal judge has since found the board’s regulatory actions improper because the board itself is unconstitutional).
“So an international figure who is believed to be hiding somewhere in China under the official protection of the Communist Party illegally used foreign money to tamper with a U.S. election. Sometimes, the truth can be stranger than fiction,” Zero Hedge noted.
According to a Justice Department statement, Low and Michel have been charged with one count of conspiracy to defraud the United States — a charge of which tinfoil hat-wearing ‘Russian collusion’ conspiracy nuts like Rachel Maddow believe POTUS Donald is guilty).
In addition, Michel was charged with a single count of attempting to conceal material facts as well as two counts of making a false entry in a record connected to a conspiracy. Michel has already appeared in U.S. court; Low, of course, remains at large. (Related: After fabricating the Russian collusion hoax, how does the FBI have ANY credibility to arrest a militia leader?)
Here are the relevant facts behind the indictments, according to the statement:
— Between June 2012 and November 2012, Low “directed the transfer of approximately $21,600,000 from foreign entities and accounts” to his partner, Michel, to funnel “significant sums of money” into the U.S.
— The money was being transferred ostensibly for “legitimate contributions, all while concealing the true source of the money.”
— In order to conceal the transfers, Michel paid around $856,000 he got from Low to 20 or so straw donors (“conduits”) so those donors could make donations in their own names to a presidential joint fundraising committee.
— “In addition, Michel personally directed more than $1 million of the money received from Low to an independent expenditure committee also involved in the presidential election in 2012.”
The straw donations and funneling caused false financial disclosures to the Federal Election Commission, according to the indictment.
The charges all come from a wide-ranging investigation into the collapse of 1MDB, which was allegedly defrauded by former Prime Minister Najib Razak, Low, and close members of the Razak inner circle.
Tagged Under: 1MDB fund, 2012 Obama campaign, barack obama, Campaign Donations, campaign finance, CFPB, corruption, election fraud, election tampering, Federal Election Commission, fraud, illegal donations, indictments, Justice Department, Malaysia, Najib Razak, Obama campaign, Pras Michel, President Trump, sovereign wealth fund, treason, White House
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