Leonardo DiCaprio Drops Out Of Hosting Hillary Clinton Fundraiser

Posted: Aug 23 2016, 1:06pm CDT | by , in Latest Celebrity News


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Leonardo DiCaprio Drops Out of Hosting Hillary Clinton Fundraiser
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Leonardo DiCaprio holds out on hosting a fundraiser for Hillary Clinton asking Justin Bieber and Jessica Biel to host instead.

Leonardo DiCaprio looks like he’s in trouble. After spending a terrific summer in his frolicking way, the Oscar winning actor has had the week with the likeness of a fall of a star. That’s right. This weekend, the star and his girlfriend Nina Agdal had a bad fender bender which left Nina shivering. It was a close call with death.

However, we all know that death is not really as fatal as bad reputation for a figure like DiCaprio. In a recent report, The Hollywood Reporter uncovered a scandal involving the embezzlement of billions of dollars, a Hollywood actor allegedly DiCaprio and a Malaysian multinational corporation.

The story stated that the actor has alleged ties to a $3.5 billion Malaysian embezzlement scandal. The scandal has been described by the U.S. Department of Justice as “the largest single action ever brought under the Kleptocracy Asset Recovery Initiative.”

1Malaysia Development Berhad (1MDB) was owned by the Malaysian government. It raised upwards of $8 billion to benefit the Malaysian people.

According to the DOJ, $3.5 billion of that money was “misappropriated” between 2009 and 2015, including establishing a production company called Red Granite Pictures and also donating millions from the fund to the actor’s charity, the Leonardo DiCaprio Foundation.

Special Agent Darryl Wegner, chief of the FBI’s International Corruption Unit, the fraud went around the world. He said that at least $1 billion traceable to the conspiracy was laundered through the United States and used to purchase assets here.

While these claims remain to be proven, the actor has recently backed out of hosting a $33,400 per plate fund raiser for the Democratic presidential candidate Hillary Clinton, according to DailyMail.

Hillary’s campaign is already befuddled with fraud claims and rumours. At this time, Leonardo’s shady embezzlement story will do no favours to her campaign. Leo has already asked his friend Justin Timberlake and wife Jessica Biel to host the fund raiser instead, according to Variety.

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
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