It looks like famous socialite Kim Kardashian might have to give up her white Ferrari.
Federal prosecutors revealed the prized car was given to the Kim by Jho Low who bought the car from stolen 1MDB money.
“The white Ferrari was bought with $325,000 stolen from the people of Malaysia,” federal prosecutors say.
While some Malaysians and Mr Najib Razak’s supporters might ask why are the Americans so busy body about money stolen from another country, the fact is Kim has kept sole ownership of the gift and has used it extensively.
In the USA, this type of gifts are deemed illicit. Stealing money from another country and buying gifts and using that money in the US is illegal.
Kim using the Ferrari is also illegal. It is from stolen money afterall, says the prosecutors.
Kim was last seen arriving at a dinner in a white Ferrari, but there is no further information whether she is still using it now.
Jho Low, in hiding in China, is the mastermind of the alleged theft of up to $5 billion from the Malaysian government.
Some RM2.97 billion – the Malaysian police said – were found in Najib Razak’s account. The ex-PM is adamant on his presumed innocence and is building a public and media case in his favor, saying with cold constance that he will be given an unfair trail.
The US DOJ – Department of Justice – has gone after other celebrities, forcing them to give up on the illicit gifts.
Leo DiCaprio turned over Picasso and Basquiat paintings. Miranda Kerr parted with $8 million in diamond jewelry. But there are many other celebs, including Swizz Beatz, Pras Michél and Nicole Scherzinger, who received less valuable gifts and we have no idea whether they gave up on these precious gifts!
The report added that the DoJ did not say whether it would try to recover the Ferrari or the other gifts Low gave other celebrities – but the news is smashing.
