A vintage French “King Kong” poster, a Jean-Michel Basquiat drawing, and several luxury watches are among the latest haul of returned treasures that were allegedly bought with money stolen from the Malaysian 1MDB state fund.
“Wolf of Wall Street” producer Joey McFarland agreed to hand over the items that he said he received as gifts from Low Taek Jho, the alleged mastermind behind the theft of billions of dollars from the Malaysian fund, and his accomplices, according to a filing Monday in Los Angeles federal court.
McFarland, who according to the Justice Department, co-founded Red Granite Pictures with Riza Aziz, the stepson of former Malaysian Prime Minister Najib Razak, said he didn’t know that the gifts may have been purchased with funds diverted from 1MDB.
Red Granite last year paid $60 million to settle claims it financed the 2013 film “Wolf of Wall Street”, directed by Martin Scorsese and starring Leonardo DiCaprio, with stolen Malaysian money.
According the U.S. forfeiture complaint, Aziz spent at least $5.4 million on collectible movie posters and the walls of his condominium in New York were covered with them. He also gave a number of them to McFarland, DiCaprio and Scorcese, according to the Justice Department.
Among the other posters McFarland agreed to return are Fritz Lang’s 1931 German film “M,” the 1956 science fiction classic “Forbidden Planet,” and “Cool Hand Luke” from 1967.
- How to Help Victims of the Texas School Shooting
- TIME's 100 Most Influential People of 2022
- What the Buffalo Tragedy Has to Do With the Effort to Overturn Roe
- Column: The U.S. Failed Miserably on COVID-19. Canada Shows It Didn't Have to Be That Way
- N.Y. Will Soon Require Businesses to Post Salaries in Job Listings. Here's What Happened When Colorado Did It
- The 46 Most Anticipated Movies of Summer 2022
- ‘We Are in a Moment of Reckoning.’ Amanda Nguyen on Taking the Fight for Sexual Violence Survivors to the U.N.