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Goldman Sachs Swindler Gambled Away Millions In Stolen Cash

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International fugitive financier Jho Low, who stole around a billion dollars from the Malaysian state’s 1MBD public investment fund, lived an extravagant lifestyle before he had to go into hiding. It was so extravagant that he paid multiple celebrities millions of dollars just to hang out with him and frequented Las Vegas casinos, even losing almost $2 million in a 90-minute baccarat spree. Cenk Uygur, Jayar Jackson, and Amy Vilela discuss on The Young Turks. Watch LIVE weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

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Read more HERE:
https://www.vice.com/en/article/dypekk/jho-low-billions-stolen-1mdb

"Did he really think he could get away with it? Chinese-Malaysian fugitive financier Jho Low had so much money to burn, he left staff at The Venetian casino in Las Vegas agape at his sky-high wagers and outlandish requests, based on testimony heard at a New York court this week.

The high-rolling Low lost $1.75 million in a single 90-minute turn at baccarat, Bloomberg said The Venetian executive Kirk Godby told the court at the 1MDB trial of Roger Ng, a former Goldman Sachs banker, on Thursday.

Low, said to be the mastermind behind the pilfering of Malaysia’s state 1MDB public investment fund, gambled nearly $87 million at The Venetian and lost around $26 million of that, Godby told the court, adding he had been a “premium” guest at the hotel.

“He was extremely extravagant,” Godby said. “He had requests that were parallel to none. He made requests like he wanted disco balls, dance floors and DJs.”"

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220318__BE01GamblingFinancierVsGoldmanSachs
Category
Europe
Tags
220318__BE01GamblingFinancierVsGoldmanSachs, News, Politics
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