

Low is now a fugitive, with a series of cases still cropping up. The scam lasts for years, but in the end, it all comes falling apart. He is hanging out with A-list celebrities, living the life we can only dream about, and having Wall Street investment bankers eat from his pocket just to get a piece of the cake. This is the same company that was behind the production of the Wolf of Wall Street, a movie based on Jordan Belfort’s biography.īy now, Low has made a name for himself.


One of the most ironic schemes to pull this off was helping fund a production company in Holywood. Instead of developing infrastructure in the country, Low embezzles money to help fund political campaigns for the former prime minister, pay off financiers and other people involved in the scam, buy expensive jewellery and art, partying, among others.įunny enough, Low gets to a point where he wants to legitimize the source of his income. The problem, though, is that the Malaysian people do not benefit at all. The fund’s goal was to raise funds through debt to fund infrastructure in Malaysia.Īnd it succeeds in raising billions of money, facilitated by some of the biggest financial institutions and politicians in the Middle East. Let’s see while 1MDB was a state fund that was funded by former prime minister Najib Razak, Jho Low is believed to be the mastermind. Honestly, the whole book reads like a fictional thriller, but it is not. “Between October 2009 and June 2010-a period of only eight months-Low and his entourage spent $85 million on alcohol, gambling in Vegas, private jets, renting superyachts, and to pay Playmates and Hollywood celebrities to hang out with them.” Don’t believe me? Here’s an excerpt from the book: Low, from the Billion Dollar Whale, could just be the whale of our times gambling billions of money, buying high-end real estate, financing movies in Holywood, and accumulating a great deal of highly-priced art and jewellery with some pieces costing to a tune of millions of dollars, all using Malaysian taxpayers money.
