Elsewhere online
August 18, 2016

Court Papers Link DiCaprio Fund to Malaysia Finance Scandal

Actor Leonardo DiCaprio’s environmentally focused charitable fund has been caught up in the federal investigation of a massive embezzlement case involving Malaysian sovereign-wealth fund 1MDB, writes The Hollywood Reporter.

A Justice Department complaint filed last month in federal court in Los Angeles does not target the recent Oscar winner but notes links between a “Hollywood Actor 1” and key figures in the scandal, notably Jho Low, a Malaysian financier and clubbing friend of Mr. DiCaprio's who has been implicated in the reputed siphoning of $3 billion from 1MDB.

According to the complaint, Mr. Low and associates may have used embezzled funds to help finance Mr. DiCaprio’s film The Wolf of Wall Street and raise millions of dollars for the Leonardo DiCaprio Foundation by buying or donating items at fundraising auctions. The celebrity charity, operated as a donor-advised fund through the California Community Foundation, holds a glitzy annual gala in St. Tropez and has granted tens of millions of dollars to conservation, climate, and grass-roots green groups.