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Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by Firebrand on Saturday December 22, 2018 @08:49AM (#18740548)
1MDB is the most bizarre scandals I’ve ever heard. A 27-year-old convinces the Prime Minister of Malaysia to let him manage country’s sovereign wealth fund, and then he proceeds to fritter almost $2 billion away throwing multi-million dollar parties and funding the Wolf of Wall Street. How did he get away with all of it for so long?
Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by arcanus on Saturday December 22, 2018 @08:53AM (#18740561)
> How did he get away with all of it for so long?

Corruption. He fritter'ed a great deal of this money to precisely the same Prime Minister who selected him.

This wasn't unique, either. This sort of corruption is much more pervasive than most people believe. In China many of the top party officials are billionaires. Vladimir Putin is widely believed to have massively enriched himself during his reign.

Frankly, the biggest surprise is that the corruption in this case was caught.

Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by stevehawk on Saturday December 22, 2018 @10:11AM (#18740866)
"massively enriched" is a bit of an understatement. He's believed to be one of the wealthiest people in the world and it's why Obama put those sanctions on him and his buddies.
Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by wnevets on Saturday December 22, 2018 @01:57PM (#18741921)
He's been robbing his country blind to make him and his allies extremely rich.
Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by sifoobar on Saturday December 22, 2018 @03:37PM (#18742334)
Source?

As opposed to US politicians like the Bushes, Clintons and Obamas? Or any of the countless corrupt puppet dictators that the US installed around the world?

Listen, I know they're pushing really hard for a war right now; but unless you're right up there at the top of the pyramid, war is hell.

The only thing that will ever get us out of this hole is truth, and truth starts with not spreading BS.

Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by anigbrowl on Saturday December 22, 2018 @10:31PM (#18744231)
If you've ever wondered what gaslighting is, this comment serves as a great example.
Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by sifoobar on Friday December 28, 2018 @05:03PM (#18779819)
Really now? So appealing to truth and common sense is now gaslighting. Newspeak much?
Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by why_only_15 on Saturday December 22, 2018 @04:34PM (#18742564)
The Bushes/Clintons/Obamas make their money from because people want to hear what they have to say (e.g. speeches, books), not because they steal money from the public coffers.
Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by a11595 on Saturday December 22, 2018 @05:16PM (#18742794)
I'm too lazy to grab the links, but take a look at when Bill did his speeches and how much he got paid, and when Hillary voted and pushed for legislation greatly benefiting the people paying him for those speeches. It's some crazy shit.
Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by sifoobar on Saturday December 22, 2018 @05:36PM (#18742879)
Right :)

The Clinton's Uranium deal with Rosatom is a nice example of how this works; of course you can't just give politicians piles of money, it needs to come with a bedtime story for the voters.

Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by dralley on Saturday December 22, 2018 @06:39PM (#18743171)
You've done zero research about this, then.

A Canadian company owned uranium reserves and wanted to sell the ownership of them to Rosatom. Not the physical resources, which cannot leave the country, just the ownership.

This still requires government oversight, so 8 different agencies had to sign off on it. All agencies did, including the state department. Hillary was not involved in the decision to approve the sale, apart from in charge of one of the many departments overseeing it.

Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by mikeyouse on Sunday December 23, 2018 @01:26AM (#18744768)
One last bit that people ignore -- The Clinton Foundation Initiative is a Public Charity (as opposed to a private foundation like the DJT Foundation) managed by a team of professionals subject to regular audits. Everyone one of their financial reports is posted on their website (by law), it would be public knowledge and it would be illegal if the Clintons benefitted financially in any way from the activities of the charity. They didn't. There are reams of pages of IRS guidance around private inurement in 501c groups (aka what was going on at the Trump Family Foundation -- a different type of nonprofit charity).

You can safely ignore anyone who claims that the Clintons took money from anyone if they're claiming that money donated to their charity ends up in their pockets. They don't know what they're talking about.

Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by sifoobar on Friday December 28, 2018 @05:07PM (#18779846)
Right :) I do hope they pay you well.

Basically everyone outside of their little communist bubble know what the Clintons are all about. More power, at any cost. But it's ending any second now, mark my words. The stuff that's been trickling out so far is the tip of the iceberg.

Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by Lkjhmnbv on Tuesday December 25, 2018 @07:27PM (#18759790)
Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by wnevets on Saturday December 22, 2018 @05:58PM (#18742966)
How is this even up for debate? It's hardly a secret unless you live under Putin's control I guess. [1]

Sounds like you got a bad case of Whataboutism [2], I suggest seeing a doctor right a way.

[1] https://www.pbs.org/wgbh/frontline/film/putins-way/

[2] https://en.wikipedia.org/wiki/Whataboutism

Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by seanlinmt on Sunday December 23, 2018 @08:46AM (#18746020)
All because of a whistlerblower. http://www.theedgemarkets.com/article/justo-world-needs-good...

The world needs more whistlerblowers. Or at least better tools and protection for those who plan to do it

Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by rajacombinator on Saturday December 22, 2018 @03:19PM (#18742255)
In America, our politicians are orders of magnitude more clever about their self enrichment.
Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by B1FF_PSUVM on Saturday December 22, 2018 @04:07PM (#18742451)
If you can live the life of great wealth, without actually amassing said wealth, why bother?
Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by village-idiot on Sunday December 23, 2018 @01:06PM (#18747394)
I’m actually fine with public seevants living decently if it was in line with the quality of our government.

Given that our government is literally off right now, you can guess my current opinion.

Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by baybal2 on Saturday December 22, 2018 @09:17AM (#18740642)
> How did he get away with all of it for so long?

By claiming that all of that was legal. Plainly and simple, until some prosecutor does not walk over facts and not file a charge, no crime is being prosecuted. In such cases, the very reason for starting a process is prosecutorial discretion.

(Anti)Nepotism laws are notoriously hard to act upon: unless somebody got caught red handed (taped, stinged,) any accusation of appointment beyond merit is just a lot of speculation and rhetoric.

The same way ... Boston Consulting Group, and PWC have decades long record of employing 20 something scions of officials for well paid senior positions in every major country you can think of.

Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by jacquesm on Saturday December 22, 2018 @10:22AM (#18740904)
> any accusation of appointment beyond merit is just a lot of speculation and rhetoric.

Juxtaposed with:

> Boston Consulting Group, and PWC have decades long record of employing 20 something scions of officials for well paid senior positions in every major country you can think of.

Asks for some citation or proof.

Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by hirsin on Saturday December 22, 2018 @10:48AM (#18741015)
There's a decent moneystuff article about how this is assumed to happen (with email evidence) https://www.bloomberg.com/opinion/articles/2015-09-21/bad-in...
Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by jacquesm on Saturday December 22, 2018 @10:54AM (#18741040)
Neither PWC or BCG are named.
Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by dcow on Saturday December 22, 2018 @08:26PM (#18743744)
I think you missed the point. GGP was saying it’s hard to prove legally or otherwise in specific cases despite it obviously happening at scale. The point was not that when you look at the trends it’s hard to prove. The juxtaposition was intentional.
Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by sleepyhead on Saturday December 22, 2018 @09:21AM (#18740654)
No that is not the case. It was a corruption scandal managed by the prime minister. Jho Low was "just" the guy who implemented it (and profited greatly from it). Malaysia is a very corrupt country and the PM and other top officials likely has many other schemes to enrich themselves.
Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by supercanuck on Saturday December 22, 2018 @09:30AM (#18740699)
Coincidently, The prime miniser of Malaysia somehow increases his bank account to the tune of 700m during the same period.
Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by village-idiot on Sunday December 23, 2018 @01:06PM (#18747397)
Didn’t he just get arrested for this?
Re:Malaysia seeks $7.5B in reparations from Goldman Sachs by ReptileMan on Saturday December 22, 2018 @08:54AM (#18740563)
The prime minister profited handsomely from this affair. Probably a billion or two himself.