Block, Siteadmin, SkipCaptcha, Upload, Automoderated users, delete, edit, move, nsTeam2RO, nsTeam2RW, nsTeam2_talkRO, nsTeam2_talkRW, protect, rollback, Administrators, template
292,424
edits
Changes
Jump to navigation
Jump to search
Line 13:
Line 13: + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
→Dark money scam
In its 26 month existence it only had one client - 1Malaysian Development Berhad (1MDB) - which lost $3.5 Billion in the interim. 1MDB paid DuSable $69 million to severe a partnership agreement that DuSable made no investment in. Some of the proceeds were donated to Democrat congressional and gubernatorial campaigns.<ref>http://www.sarawakreport.org/2015/11/1mdb-sleaze-spreads-to-us-democrats-on-eve-of-obama-visit-investigation/</ref>
In its 26 month existence it only had one client - 1Malaysian Development Berhad (1MDB) - which lost $3.5 Billion in the interim. 1MDB paid DuSable $69 million to severe a partnership agreement that DuSable made no investment in. Some of the proceeds were donated to Democrat congressional and gubernatorial campaigns.<ref>http://www.sarawakreport.org/2015/11/1mdb-sleaze-spreads-to-us-democrats-on-eve-of-obama-visit-investigation/</ref>
===DuSable timeline===
09/05/13 – DuSable is incorporated Delaware
17/06/13 – Pantoll Energy (major recipient of payments from DuSable) incorporated Delaware
26/09/13 – DuSable registers as a foreign agent citing Government of Malaysia/1MDB JV
29/09/13 – Mark Begich senate campaign receives $5,200 from DuSable
29/09/13 – Michelle Nunn senate campaign receives $5,200 from DuSable
01/10/13 – Yurus fund incorporated in Delaware by Pras Michael and Frank White
17/10/13 – Yurus announces US$505 million fund commitment by two anonymous investors
28/10/13 – DuSable receives US$506,079 payment from 1MDB
06/01/14 – $25,000 received by Terry McAuliffe Governor Campaign in Virginia
24/01/14 – Keven Strouse receives $500 for Senator campaign
01/03/14 – Don Beyer receives $500 for Senator campaign
01/03/14 – Ro Khanna receives $500 for Senator campaign
21/03/14 – Dick Durbin, Democrat whip, receives $5,200 for Senator Campaign
18/03/14 – 1MDB awarded solar project from Malaysian Government
11/04/14 – ‘Master JVA’ formed between Yurus and 1MDB
12/04/14 – ‘subsidiary’ power project launched for solar plant in Kedah
30/04/14 – DuSable registers continuing foreign agent role for Gov of Malaysia
24/09/14 – Sarawak Report cites connection between DuSable’s Frank White and Obama
02/10/14 – Joint Venture is terminated with a payment of US$69m to Yurus for 49% share
02/10/14 – DuSable registered having ‘terminated’ role as a foreign agent for Gov Malaysia
30/04/15 – DuSable enters new status with DOJ – further ventures had “not born fruit”
30/06/15 – Yurus dissolved
22/07/15 – DuSable files winding up of Yurus, profits and fees pending sale of fund assets
==See also==
==See also==