, , , , , ,

Leonardo DiCaprio Testifies in Money-Laundering Case of Fugees Rapper Pras

Movie star Leonardo DiCaprio testified in federal court Monday morning (April 3) as part of a trial involving international money laundering, bribery and a prominent rap artist.

Prakazrel “Pras” Michel — a founding member of the iconic 1990s hip-hop group the Fugees — is accused of funneling money from a fugitive Malaysian financer through straw donors to Barack Obama’s 2012 re-election campaign. Five years later, prosecutors say he tried to squelch an investigation into that same financer under former President Donald Trump’s administration.

Related

At the heart of the case is Low Taek Jho, usually known as Jho Low. He is accused of masterminding an international money laundering and bribery scheme that stole billions from the Malaysian state investment fund known as 1MDB.

DiCaprio’s connection with the case comes from his yearslong relationship with Low, who was one of the primary financers of the movie The Wolf of Wall Street. Low is currently a fugitive but has maintained his innocence.

According to the charges, Michel essentially became a conduit for Low’s pilfered millions and his attempts to influence the U.S. government. Prosecutors allege that from June to November 2012, Low directed more than $21.6 million to be moved from foreign entities to Michel’s accounts in order to funnel money into the 2012 presidential election. They say Michel then paid about 20 straw donors and conduits so they could make the donations in their names and conceal where the money actually came from, according to the indictment.

DiCaprio testified that he met and befriended Low at a birthday party in Las Vegas in 2010. “I understood him to be a huge businessman with many different connections in Abu Dhabi and Malaysia,” he said.

The 48-year-old Oscar winner answered questions on the witness stand calmly — occasionally deferring to a fuzzy memory on some details and dates. In addition to his relationship with Low, DiCaprio said he had known the defendant Michel since sometime in the 1990s when they met backstage after a Fugees concert.

Low was known for hosting lavish star-studded parties and group vacations on his private jet to events like the World Cup in Brazil. DiCaprio recounted one particular junket that involved flying to Australia to celebrate New Year’s Eve, then flying to Las Vegas to celebrate a second time in one day. Michel was present on some of these trips, DiCaprio said.

Low became a regular contributor to DiCaprio’s charitable foundation, and eventually Low floated the idea of providing the primary financing for The Wolf of Wall Street.

DiCaprio said he had Low’s funding and legitimacy carefully vetted before entering into a business relationship.

“I was given the green light by my team as well as my studio,” he said. “He was a legitimate business person wanting to invest in the movie.”

DiCaprio also recalled a “casual conversation” with Low in which Low told him he intended to make a large contribution to Obama’s re-election campaign.

“It was a significant sum — something to the tune of $20-30 million,” he testified. “I said, ‘Wow that’s a lot of money!’”

https://www.billboard.com/business/legal/leonardo-dicaprio-testifies-fugees-pras-michel-trial-1235297652/


January 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  

About Us

Welcome to encircle News! We are a cutting-edge technology news company that is dedicated to bringing you the latest and greatest in everything tech. From automobiles to drones, software to hardware, we’ve got you covered.

At encircle News, we believe that technology is more than just a tool, it’s a way of life. And we’re here to help you stay on top of all the latest trends and developments in this ever-evolving field. We know that technology is constantly changing, and that can be overwhelming, but we’re here to make it easy for you to keep up.

We’re a team of tech enthusiasts who are passionate about everything tech and love to share our knowledge with others. We believe that technology should be accessible to everyone, and we’re here to make sure it is. Our mission is to provide you with fun, engaging, and informative content that helps you to understand and embrace the latest technologies.

From the newest cars on the road to the latest drones taking to the skies, we’ve got you covered. We also dive deep into the world of software and hardware, bringing you the latest updates on everything from operating systems to processors.

So whether you’re a tech enthusiast, a business professional, or just someone who wants to stay up-to-date on the latest advancements in technology, encircle News is the place for you. Join us on this exciting journey and be a part of shaping the future.

Podcasts

TWiT 1013: Calamari in Crisis – Touching the Sun, Fake Spotify Artists, Banished Words This Week in Tech (Audio)

Touching the Sun, Fake Spotify Artists, Banished Words AI Needs So Much Power, It's Making Yours Worse How many billions Big Tech spent on AI data centers in 2024 NASA Spacecraft 'Touches Sun' In Defining Moment For Humankind Elon Musk Calls Out NASA's Moon Ambitions: 'We're Going Straight to Mars' Elon Musk and the right's war on Wikipedia Trump Asks Supreme Court to Pause Law Threatening TikTok Ban US Treasury says Chinese hackers stole documents in 'major incident' Judge blocks parts of California bid to protect kids from social media Finland probes Russian shadow fleet oil tanker after cable-cutting incident US appeals court blocks Biden administration effort to restore net-neutrality rules The Ghosts in the Machine (fake spotify artists) Massive VW Data Leak Exposed 800,000 EV Owners' Movements, From Homes To Brothels Banished Words | Lake Superior State University 2025 Public Domain Day 2025 Happy Birthday, Bitcoin! The top cryptocurrency is old enough to drive End of the lines? QR-style codes could replace barcodes 'within two years' Host: Leo Laporte Guests: Richard Campbell, Anthony Ha, and Stacey Higginbotham Download or subscribe to This Week in Tech at https://twit.tv/shows/this-week-in-tech Get episodes ad-free with Club TWiT at https://twit.tv/clubtwit Sponsors: ZipRecruiter.com/Twit joindeleteme.com/twit promo code TWIT canary.tools/twit – use code: TWIT zscaler.com/security
  1. TWiT 1013: Calamari in Crisis – Touching the Sun, Fake Spotify Artists, Banished Words
  2. TWiT 1012: Our Best Of 2024 – The Best Moments From TWiT's 2024
  3. TWiT 1011: The Year in Review – A Look at the Top Stories of 2024
  4. TWiT 1010: The Densest State in the US – TikTok Ban, Drones Over Jersey, GM Quits Robotaxis
  5. TWiT 1009: Andy Giveth & Bill Taketh Away – Trump's Tech Titans, Crypto Boom, TikTok's US Ban, Intel CEO Exits