#80: 1MDB & The Missing Malaysian Billions
English Learning for Curious Minds
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How Joe Lowe Stolen Big Lottos From 1MDB
Joe Lowe spent $100 million to produce The Wolf of Wall Street. He said it was all family wealth, and that he had inherited this money from his grandfather. But as you might have guessed, the money didn't really belong to Joe Lowe. He had stolen billions of dollars from 1MDB in one of the largest financial thefts in modern history. His scheme wouldn't have worked without offshore companies which are very effective ways of hiding who actually owns something.
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