In 2011, a mysterious Chinese Malaysian wrapped up the entire private beach with a lot of money, and in the evening, tens of thousands of fireworks were lit on time over the beach.
Just when everyone was puzzled, the rich man proposed to a well-known actress in public in the form of parachuting jewelry, and the heroine of the proposal was the actress Xiao Yaxuan.
Unfortunately, the goddess did not agree, but later threw a sentence to the rich man: "I only regard you as a brother." ”
Just after everyone thought that the rich man had been refuted, he seamlessly chased another world-famous supermodel, Miranda Kerr.
During the short time the two fell in love, he gave away jewelry worth a conservative estimated value of about $8 million, during which time he also gave Miranda Kerr a $250 million luxury yacht and a $1.1 million transparent piano.
Unfortunately, this relationship with money did not last long.
Later, he also worked with Gigi, Kim. There have been emotional entanglements between well-known women such as Kardashian.
Without exception, none of them came to the end.
In addition, the famous Hollywood actor Xiao Lizi is also his close friend.
Little Plum starred in "The Wolf of Wall Street" at the time, including his investment.
He also gave gifts to the little plum.
Not only did he give Little Plum a famous Picasso painting worth up to $320, but he also bought an Oscar trophy from a collector for $600,000 and gave it to Little Plum.
But it was such a rich man who was exposed to being involved in a financial case that shocked the world in 2015.
The case, which was described by foreign media as the world's largest fraud case, was implicated in the case, and former Malaysian Prime Minister Najib Razak also lost the election earlier this year.
After that, various countries wanted to arrest him in the name of deception, and to this day, he has been wandering around in various countries, and no one knows any information about him.
He was the wealthy Malaysian Chinese businessman Jho Low, who was once known as the "Gatsby of Asia" and later reduced to "Malaysia's Peace".
What happened to the prince who fell from the top of money overnight to the fugitive hunted by everyone?
Jho Low's vast wealth is inseparable from the original money accumulated by his grandfather.
Mr. Liu's grandfather, Liu Mingda, started as an iron ore and winemaker from Guangdong to Nanyang, and had properties in Thailand, Malaysia and Hong Kong.
Later, Liu Mingda's family moved to Penang, Malaysia, during which time he married a Malaysian woman and gave birth to a son, Liu Fuping, who was also Jho Low's father.
With his father as a big backer, Liu Fuping was sent to the London School of Economics in the United Kingdom to study, and then studied for an MBA at the University of California.
After graduation, Liu Fuping chose to return to Malaysia to build a business empire with his father.
He first used one of his family's assets to invest in a cocoa plantation, but unfortunately lost money.
After suffering losses, Liu Fuping plunged into the financial market again, and this time he seized the opportunity of the times and made a lot of money in the stock market through a series of moves such as investment and mergers and acquisitions.
In 1981, Jho Low was born, and at this time he was a proper rich third generation, the youngest of the family's three children.
While Heaven gave him great wealth, it also deprived him of his handsome appearance.
Jho Low himself is obese and short, not to mention, and his facial features are extremely compact.
But it is such a chinese man who is not proud of his appearance, but he has uprooted the finances of Malaysia, and he has been called a traitor by countless Malaysians.
At the age of 16, Jho Low was sent to Harrow College in england.
Harrow College is a well-known aristocratic school in London, where students are either rich or expensive.
Brunei and Kuwaiti royals are his alumni, and many of Jho Low's alumni at the school have since become his investment partners.
These include former Malaysian Prime Minister Razak Razak, who helped him the most. Razak's stepson Zaziz.
In the right place and at the right time, with the right people, and to establish a relationship of mutual trust, this has run through Jho Low's entire life, it can be said that he was born a master of capital operation.
In order to get along with these people, so that he could later climb the relationship, he weaved the first lie in his life.
In order to convince his classmates that he was a super rich man, he invited his classmates to Malaysia for a holiday, first borrowed a 160-foot luxury cruise ship and mansion from a friend, and then replaced all the photos of his friends' homes with his own family.
In this regard, the students are convinced that this magnificent home is his.
It is said that a thousand lies need a thousand lies to cover up, and the same is true for Jho Low.
After graduating from high school, Jho Low attended the Wharton School of the University of Pennsylvania.
During his time at school, Jho Low published a stock market analysis article in the Wharton journal, which surprised many people who did not understand the stock market, and called him a veritable securities expert.
As everyone knows, this is an article published by Jho Low by washing manuscripts.
Later, he also met Yusuf Otaba from the United Arab Emirates, who is now the UAE's ambassador to the United States.
It can be seen that Jho Low's knowledge in school is not known, but his connections have been built a lot.
Relying on the connections he has accumulated at the school, he has brokered the Middle East Investment Fund to invest in Malaysia.
Of course, he did not do this for the livelihood of Malaysia.
He had a crush on Najib, who was then The Deputy Prime Minister of Malaysia.
Using one's own abilities or various resources in the circle to see the needs of others and help others solve their needs is another major feature of Jho Low.
Jho Low's proposal was successful, attracting a lot of investment for Malaysia, which also helped Najib to be elected president.
In 2009, Najib was elected Prime Minister of Malaysia.
In order to express his congratulations, Jho Low also held a luxurious party in Las Vegas, and the little plums came to cheer.
In September of the same year, Malaysia's sovereign wealth fund, 1 Malaysia, was officially established.
After the establishment of the fund, Jho Low began to devote himself to the management of the fund.
He first brought in a Saudi prince to stand for the foundation, and then reached a partnership with Abu Dhabi, after which the wealth fund grew at a speed visible to the naked eye.
At one point, Jho Low also earned a lot of money.
When the money arrived, Jho Low began a more expensive life, that is, from this time on, Jho Low gradually moved to the other side of his life.
He moved into a luxury apartment in New York at a monthly rent of $100,000.
On weekdays, gambling, private jets, renting luxury yachts, high-profile love affairs with world celebrities, and gathering with Hollywood celebrities are his whole life.
In the eight months from October 2009 to June 2010, Jho Low squandered nearly $85 million.
Jho Low's money is spent more and more excessively, and the word extravagance is no longer enough to describe it.
But at this time, Jho Low obviously did not realize this.
Just as he was squandering all day long, an overwhelming amount of suspicion followed.
Jho Low, although his ancestors have accumulated a lot of funds, but there is no company asset after careful investigation, where did he come from?
If you don't know, you can check it out, and it turns out that he is just a financial swindler who almost relocated the Malaysian treasury.
At the beginning, the 1MDB fund was set up to attract more political donations by investing in Malaysia's green energy industry and tourism industry, increasing Malaysia's employment opportunities and enhancing Malaysia's international status.
However, according to the investigation of the US Department of Justice afterwards, most of the funds in Malaysia actually flowed into Jho Low's pocket.
It turned out that in 2009, Jho Low got in touch with Saudi Prince Turki and promised to provide Turki's oil company with $1 billion through 1MDB in preparation for its acquisition of Turkmenistan's offshore oil fields.
But in fact, only $300 million of the $1 billion promised ended up in Turki's hands, and the remaining $700 million was taken away by Jho Low.
Of course, Jho Low also knew that the money was not legal, and it was not safe to take the money himself.
To make the money reasonable, he set up a new shell company in Switzerland overnight in order to wash the stolen money.
In addition, as soon as the funds arrived, he first transferred to other lawyers' trusts, and after a long time in between, he raised the money again.
This method of money laundering is too cumbersome and Jho Low feels that it is too inefficient.
Subsequently, he set his sights on the film and television industry.
In 2012, Red Rock Pictures was established, with Jho Low as one of the partners.
Not long after, he invested $155 million in Little Plum's film "The Wolf of Wall Street" directly under the name of Ichima Pictures through Red Rock Pictures.
This is why when "The Wolf of Wall Street" was released, Jho Low appeared brilliantly at the premiere and took a photo with Xiao Lizi.
Including the various huge famous paintings he gave to Xiao Lizi later, the origin of everything lies in this.
It is worth mentioning that after the accident of Jho Low, Xiao Lizi handed over these gifts to the US judicial department one by one.
Just when Jho Low thought everything was going to be seamless, the U.S. Department of Justice went into action.
They found that the filming of "The Wolf of Wall Street" only used $55 million, and at that time, Jho Low invested $155 million in it, and where the remaining $100 million went, no one knows.
Eventually, after a lot of searching, the Justice Department targeted Jho Low and the malaysian prime minister's family's private accounts.
At this time, the top management of Ichima also realized the huge loophole in the group's internal funds.
The misfortune is that the 700 million US dollars in Jho Low's hands are also almost exhausted.
The pressure from all sides made Jho Low panic for a while, and Jho Low realized that the most urgent thing at the moment was to quickly make profits for a horse through matchmaking, so as to prove that he really had a credit to a horse.
But he did not realize that the right path in the world is vicissitudes, the tao is not right, no matter how high the technique is, it is useless, with the help of the evil art of the yin gate, no matter how high it rises, the more miserable it will fall.
Not long after, he contacted the head of Goldman Sachs Group and tied the line for Goldman Sachs and IPIC under the premise of guaranteeing Goldman Sachs.
Things went well, and Goldman Sachs and Jho Low were a win-win.
Goldman Sachs group benefited from 600 million commissions, and Jho Low received $1 billion from the money from the sale of bonds.
But helplessly, there is no impermeable wall in the world, and soon a media called "The Edge" has a copy, which is full of Jho Low's illegal acts.
At this point, the network of lies woven by Jho Low was finally punctured.
It's time to settle accounts after the fall.
The U.S. Department of Justice intervened in the investigation and found that Ilma was not profitable, but instead had $13 billion in debt.
Among them, Jho Low and Najib transferred $3.5 billion.
After learning of the wind, Jho Low fled into the wilderness, and as soon as he ran on his front foot, the governments of Britain, Switzerland, Malaysia, and Singapore issued an international arrest warrant against him, and it was bound to recover the mastermind of this major financial case.
The mysterious rich man who was once able to jump out of the rules, put money back and forth, and threw thousands of dollars only to smile for Bo Meiren finally fell off the altar. It really confirms that the sentence, money, success also has you, failure also has you, for money to live for money to die.
In comparison, Najib was not so lucky.
After the incident was revealed, Najib flew overnight in a private jet to prepare to flee to Indonesia, but was eventually stopped by the new prime minister.
Najib was later sentenced to 20 years in prison for abuse of power.
Just after everyone thought that Jho Low would be arrested and taken into custody, he did not expect that a year after he was wanted, he reached a settlement with the US Department of Justice and handed over $1 billion in stolen money.
Part of the money came from the sale of his personal villa, property, yacht.
Part of that was his previous $700 million investment.
The US Department of Justice has temporarily reconciled, but the Hatred of the Malaysian people against Jho Low has not dissipated at all.
According to the relevant rating agencies, Jho Low's financial case has brought almost $7.5 billion in debt to Malaysia.
Major investors in the world have also reduced their good feelings for Malaysia because of this scandal and have sold Malaysia's related assets, with immeasurable losses.
In order to appeal to Jho Low, Malaysians took to the streets and held up signs of "National Thief Jho Jho Low" in protest.
Malaysians tickled their teeth with hatred over there, and Jho Low turned a deaf ear over there and didn't move.
It is reported that since the settlement reached with the US Department of Justice, he has completely disappeared from major social platforms, and no one knows any news about him at present.
But after all, he is active as a fugitive, and presumably he is not having a good life anywhere.
Jho Low is very smart, is a good at building a platform and employing people, but helplessly he did not use his wisdom on the right idea, and eventually was mistaken by smart.
After enjoying a handful of nihilistic luxury, he fell back to the hard cement slab, and as for whether the flesh and blood were blurred or the bones were injured, I believe that the world will witness it in the near future.
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Resources
Global People Magazine: "Sweeping away billions of dollars from the national treasury, just to soak up female stars?" "Da Ma and Yan" is not so simple"