Changes

===Shomik Dutta and the 1MDB scandal===

===Shomik Dutta and the 1MDB scandal===

[[File:Kamal dutta.jpg|right|300px|]]

[[File:Kamal dutta.jpg|right|300px|]]

From 2011 – 2012 Shomik Dutta served as the National Finance Consultant to President Obama’s re-election campaign. In 2013 he became  Managing Director of DuSable Capital Management, founded by [[Frank R. White, Jr.]], Vice-Chair of Obama’s 2012 re-election campaign.<ref>https://web.archive.org/web/20160722205357/http://www.dusablecapital.com/our-team/</ref> DuSable had only one client, 1Malaysian Development Berhad (1MDB), whose global network of conspirators face indictment in the United States for [[money laundering]] in what the Justice Department calls the "largest single action ever brought by the department’s Kleptocracy Asset Recovery Initiative" (''kleptocracy'' is defined as a government of thieves).<ref>https://www.justice.gov/opa/speech/attorney-general-loretta-e-lynch-delivers-remarks-press-conference-announcing-significant</ref> 1MDB was wholly owned by the Malaysian government's Ministry of Finance, and cut a deal with DuSable to partner in green technology and a photovoltaic electric power plant. DuSable, through a [[front group]] called Yurus, sold it's 49% share ''which it had invested no money in'',<ref>"The crucial evidence from the records available (illustrated above) shows that the Private Equity fund Yurus, set up by White, registered the entire US$69 million it received from 1MDB as additional profit, implying it had not invested any of its original US$505 million fund in the venture." [https://medium.com/@sarawakreport/1mdb-sleaze-casts-shadow-over-us-democrats-on-eve-of-obama-visit-investigation-1MDB Sleaze Casts Shadow Over US Democrats On Eve Of Obama Visit], ''Sarawak Report'', 15 November 2015.</ref> to 1MDB for $69 million six months after the partnership agreement was signed. Some of the proceeds of the $69 million sale ended up as foreign [[dark money]] contributions to Democratic candidates.

From 2011 – 2012 Shomik Dutta served as the National Finance Consultant to President Obama’s re-election campaign. In 2013 he became  Managing Director of DuSable Capital Management, founded by [[Frank R. White, Jr.]], Vice-Chair of Obama’s 2012 re-election campaign.<ref>https://web.archive.org/web/20160722205357/http://www.dusablecapital.com/our-team/</ref> DuSable had only one client, 1Malaysian Development Berhad (1MDB), whose global network of conspirators face indictment in the United States for [[money laundering]] in what the Justice Department calls the "largest single action ever brought by the department’s Kleptocracy Asset Recovery Initiative" (''kleptocracy'' is defined as a government of thieves).<ref>https://www.justice.gov/opa/speech/attorney-general-loretta-e-lynch-delivers-remarks-press-conference-announcing-significant</ref> 1MDB was wholly owned by the Malaysian government's Ministry of Finance, and cut a deal on paper to partner with DuSable in green technology and a photovoltaic electric power plant. DuSable, through a [[front group]] called Yurus, sold it's 49% share ''which it had invested no money in'',<ref>"The crucial evidence from the records available (illustrated above) shows that the Private Equity fund Yurus, set up by White, registered the entire US$69 million it received from 1MDB as additional profit, implying it had not invested any of its original US$505 million fund in the venture." [https://medium.com/@sarawakreport/1mdb-sleaze-casts-shadow-over-us-democrats-on-eve-of-obama-visit-investigation-1MDB Sleaze Casts Shadow Over US Democrats On Eve Of Obama Visit], ''Sarawak Report'', 15 November 2015.</ref> to 1MDB for $69 million six months after the paper agreement was made. Some of the proceeds of the $69 million sale ended up as foreign [[dark money]] contributions to Democratic candidates.

Overall, 1MDB embezzled $4.5 Billion from the [[poverty|impoverish]]ed people of [[Malaysia]] in possibly the largest [[globalism|globalist]] investment scam to date.

Overall, 1MDB embezzled $4.5 Billion from the [[poverty|impoverish]]ed people of [[Malaysia]] in possibly the largest [[globalism|globalist]] investment scam to date.