Rich guy Leo DiCaprio surrenders priceless art in wake of embezzlement scandal

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Leonardo DiCaprio may have received some very expensive paintings in a super shady way.

According to artnet, DiCaprio, a known art collector, is reportedly in the process of surrendering a $3.2 million Pablo Picasso painting and a $9 million Jean-Michel Basquiat collage to U.S. authorities in the wake of a huge embezzlement scandal.

Red Granite — the company that produced DiCaprio’s movie The Wolf of Wall Street — was co-founded by Riza Aziz, the stepson of Malaysian prime minister Najib Razak, and reportedly received illicit financing from the 1Malaysia Development Berhad fund (also known as 1MDB fund). The fund was initially created for the purposes of economic development, but now allegedly has a hand in less noble dealings. Read more…

More about Watercooler, Art, Government, Leonardo Dicaprio, and Scandal

from Mashable http://mashable.com/2017/06/19/leonardo-dicaprio-surrenders-paintings/
via Facebook Page

from Blogger http://thewarringtonnews.blogspot.com/2017/06/rich-guy-leo-dicaprio-surrenders.html
via Telephone Engineer Warrington

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