Remember Jho Low?

This high rolling playboy was so in demand that club owners fought to keep him in their venues.

Low allegedly misused a total of $3,5 billion between 2009 and 2015, on wild parties with celebrities like Lindsey Lohan, Paris Hilton and Leonardo DiCaprio.

He also helped fund films like The Wolf of Wall Street and some insanely expensive real estate investments, including the Park Lane Hotel in Manhattan.

Now, the playboy who was reportedly last seen in China is on the run. He’s facing arrest for burning through billions, funded by Malaysia’s corrupt multibillion-dollar sovereign-wealth fund known as 1MBD.

Here’s The Daily Beast:

Financier Jho Low is charged —alongside two former Goldman Sachs bankers—with crimes related to the wealth fund scandal, according to a criminal complaint unsealed in New York federal court on Thursday.

He allegedly diverted as much as $3.5 billion away from the wealth scheme, and is charged with conspiring to launder billions of dollars, conspiring to pay bribes to Malaysian and Abu Dhabi officials, and conspiring to avoid accounting controls.

Low has clearly moved on from the days of plying Lindsey Lohan with champagne on her birthday, to masterminding a massive fraud scheme.

Low is accused of “conspiring to launder billions of dollars” embezzled from 1MBD, and of attempting to evade accounting control that  underwrote more than $6 billion in bonds issued by the fund. The Department of Justice alleges that Low’s close relationships with high-ranking government officials in Malaysia allowed him access to obscene amounts of liquid cash.

Not just obscene: “more liquid cash than anyone in history”.

To give you an idea of just how lavish his spending was –  in 2012, Low hosted what became known as the “wildest party Vegas ever saw”, where he celebrated his 31st birthday with the likes of Alicia Keys, Leonardo DiCaprio, Kanye West, Kim Kardashian, Paris Hilton, and Bradley Cooper.

Oh, and Britney Spears burst out of a cake singing ‘Happy Birthday’…

He made some big name friends:

In particular, DiCaprio became deeply embroiled in the scandal when he was forced to return millions of dollars of gifts from Low. DiCaprio became so close with Low that he was an honorary member of the so-called “Pussy Posse,” and they went on an $11 million Las Vegas bender together. Low gifted DiCaprio with Marlon Brando’s $600,000 On the Waterfront Oscar, a $3.28 million Picasso, and a $9.2 million Basquiat original.

Nobody, including DiCaprio, knew where all the money was coming from. No one questioned it, either.

I feel like I would have had some questions.

I’m sure the Feds have some questions too – if they ever catch him.

[source:dailybeast]