Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home DramaAlert

Swizz Beatz Allegedly Received Over $7M In Stolen Funds 

rmtsa by rmtsa
October 7, 2024
in DramaAlert
0
Swizz Beatz Allegedly Received Over M In Stolen Funds 
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

President Trump’s USFL New Jersey Generals Owner Jacket Up For Auction

Fawn Weather Calls Out ‘Smear Campaign’ Against Uncle Nearest

Paramount Ahead, But Are There Other Suitors?

Swizz Beatz Allegedly Received Over M In Stolen Funds 
by Nahlah Abdur-Rahman

October 6, 2024

According to the legal filing, Beatz was paid millions from the 1Malaysia Development Berhad corruption scandal.

Swizz Beatz has been accused of allegedly receiving over $7 million in stolen funds. The producer was named in a billion-dollar fraud lawsuit filed on Oct. 2.

According to the legal filing, Beatz was paid millions from the 1Malaysia Development Berhad corruption scandal. The lawsuit accused Jho Low and Eric Tan of stealing billions and misappropriating funds. Low took the money to associate with some of Hollywood’s elite. One of these celebrities included Beatz, whose real name is Kasseem Daoud Dean.

“As the 1MDB Fraud was underway, Jho Low became a well-known figure in the Hollywood scene and developed a reputation as a businessman with deep pockets and a penchant for hosting lavish, star-studded parties and group vacations,” the lawsuit read, as reported by AllHipHop. “Throughout the early 2010s, Low befriended many U.S. celebrities including Dean and his wife Alicia Keys.”

The lawsuit continued, also stating that between September 2012 and September 2014, Jho Low and his associate, Eric Tan, had the money illegally transferred to Beatz. Multiple payments, ranging from $1.5 million to $800,000 and $300,000, also went to the producer throughout the two-year period. After the scam became public, liquidators sued the entertainer to retrieve the stolen funds.

“Between Sept. 21, 2012 and Sept. 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,” detailed the legal filing. “Consequently, a net amount of $7,300,000 was conveyed from the debtors to the defendants.”

While unclear if Beatz was aware of the illegal nature of the payments, the plaintiffs are still seeking damages. The lawsuit asked for $3.3 million from Beatz’s production company, as well as $2.2 million directly from the producer himself.

RELATED CONTENT: Alicia Keys, Swizz Beats Host Opening Night Gala In ATL For ‘Giants’ Art Collection



Source link

Tags: AllegedlyBeatzFundsReceivedOverStolenSwizz
Share30Tweet19
rmtsa

rmtsa

Recommended For You

President Trump’s USFL New Jersey Generals Owner Jacket Up For Auction

by rmtsa
October 25, 2025
0
President Trump’s USFL New Jersey Generals Owner Jacket Up For Auction

President Trump Generals Owner Jacket Hits Auction USFL Jacket Up For Sale! Published October 25, 2025 12:50 AM PDT Before he was President Trump, he was New Jersey...

Read more

Fawn Weather Calls Out ‘Smear Campaign’ Against Uncle Nearest

by rmtsa
October 25, 2025
0
Fawn Weather Calls Out ‘Smear Campaign’ Against Uncle Nearest

by Jeroslyn JoVonn October 24, 2025 Weaver addressed the ongoing receivership battle at the 'Inc. 5000 Conference' on Oct. 24. Uncle Nearest founder and CEO Fawn Weaver is...

Read more

Paramount Ahead, But Are There Other Suitors?

by rmtsa
October 24, 2025
0
Paramount Ahead, But Are There Other Suitors?

Even in an industry increasingly accustomed to head-snapping change, this has been quite a week. After Paramount Skydance made the third in an escalating series of acquisition offers...

Read more

Meet the Blue Jays fan knitting a post-season sweater while watching the playoffs

by rmtsa
October 24, 2025
0
Meet the Blue Jays fan knitting a post-season sweater while watching the playoffs

As the Toronto Blue Jays get ready for the World Series to begin Friday night, one fan has travelled from the United Kingdom to show her support for...

Read more

It’s been 10 years since Patricia Arquette’s barnstorming Oscars speech calling for equal pay. She’s ‘sad’ about where things stand now.

by rmtsa
October 24, 2025
0
It’s been 10 years since Patricia Arquette’s barnstorming Oscars speech calling for equal pay. She’s ‘sad’ about where things stand now.

In 2015, Patricia Arquette’s performance in Boyhood won her the Oscar for Best Actress in a Supporting Role. In her acceptance speech, she thanked the Academy. She acknowledged...

Read more
Next Post
Everything You Need for the Power Rangers RPG — GeekTyrant

Everything You Need for the Power Rangers RPG — GeekTyrant

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
DramaWired

Browse the Latest Entertainment News on DramaWired.com. Celebrity News, Movies, Music, Gossip, Comics, TV and More News.

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • President Trump’s USFL New Jersey Generals Owner Jacket Up For Auction
  • New Update on Ben Solo Movie Makes Cancellation Even Sadder
  • Cheryl Burke defends DWTS’s Carrie Ann Inaba Amid Backlash

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In