Swizz Beatz Accused of Receiving Stolen Money

Last year Fugees rapper Pras Michel was found guilty on conspiracy charges after accepting stolen money from Malaysian billionaire fugitive, Jho Low, in an effort to influence the United States and the Department of Justice investigation of Low [click here if you missed that]. 

Now music producer Swizz Beatz is being sued for accepting stolen money from Jho Low...

From All Hip Hop

Swizz Beatz allegedly received $7.3 million in stolen money connected to the infamous 1MDB scandal. Liquidators want to recoup the funds.

Swizz Beatz was accused of receiving more than $7 million linked to the 1MDB scandal in a lawsuit filed in New York on Wednesday (October 2). According to court documents obtained by AllHipHop, liquidators sued the producer for intentional fraudulent conveyance, constructive fraudulent conveyance and unjust enrichment.

The 1MDB scandal is one of the biggest corruption scandals in the world. Authorities say billions of dollars were stolen from the Malaysian state fund 1MDB in a scheme involving fugitive businessman Jho Lo, his associate Eric Tan and others.

Fugees member Pras Michel was convicted on multiple charges for orchestrating an unregistered, back-channel campaign to get U.S. officials to stop investigating Low’s crimes. Low and his associates allegedly gave $7.3 million in stolen funds to Swizz Beatz, whose real name is Kasseem Dean.

Liquidators sued Swizz Beatz to recoup funds obtained from Affinity Equity International Partners Limited and Alsen Chance Holdings Limited, which were linked to the 1MDB scandal. Both companies were placed in liquidation proceedings in the British Virgin Islands.

“Between September 21, 2012 and September 4, 2014, Jho Low and/or Eric Tan caused the debtors to transfer $7,300,000 to defendants and, during that same time period, the debtors did not receive any money back from the defendants or any other consideration from the defendants in exchange for the fraudulent transfers,” the lawsuit explained. “Consequently, a net amount of $7,300,000 was conveyed from the debtors to the defendants.”