Mastermind Jho Low, whose suspected role in the 1MDB fraud crisis stunned the business world, was born in 1981 into a comparatively well-off family. He has been generating headlines in Asia and America for years. This Thursday, August 18, 2022, ABC’s The Con is slated to unveil further information regarding the financial scandal.
Millions of dollars have been stolen from the sovereign wealth fund, and Low, a Penang native and alumnus of the Wharton and Harrow business schools, is suspected of being the mastermind behind the multibillion-dollar 1MDB heist. Low is still being sought after by Interpol despite his vehement denials of involvement. Given that different stories offer varying details on his whereabouts, he may be anywhere.
Jho Low (photo) partied like there was no tomorrow, jurors at a US court heard today during the trial of former Goldman Sachs Group Inc banker Roger Ng, who’s embroiled in the 1MDB affair.
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Before he was sought after for his role in 1MDB, Low led a rather opulent lifestyle that included dating Miranda Kerr and attending parties with celebrities like Leonardo DiCaprio. Former coworkers of Low assert that his questionable actions date back to his time as a Wharton MBA student.
To understand more about 1MDB fugitive Jho Low, continue reading.
Five interesting facts about the wanted 1MDB suspect Low Jho
1) Another moniker for Jho Low is “The Asian Great Gatsby.”
Low gained the moniker “The Asian Great Gatsby” after throwing his first lavish party while a student at Wharton. For his 20th birthday, he spent $40,000 hiring Shampoo, one of Philadelphia’s hottest nightclubs.
Many others asserted that Low wrote a note to Ivanka Trump requesting her to join him on a gaming holiday at the Trump Plaza Hotel in Atlantic City as his reputation for partying increased. She declined him because she didn’t want to attend one of her father’s casinos, he later told to his friends.
2) Paris Hilton was the object of Low’s intense love.
There are rumours that Jho Low had a huge crush on Paris Hilton. Soon after, Low developed a reputation as a party animal and began paying celebrities like Megan Fox, Paris Hilton, and Leonardo DiCaprio six figures to attend his extravagant parties.
Even in 2009, Low called Hilton’s manager to inquire about the possibility of paying her to attend his events. The motivation behind the action was his affection for the actress. She allegedly received $100,000 for each occasion.
The following year, he rented the opulent boat owned by millionaire Paul Allen and spent millions on champagne. Later, Low and his crew—which now included Hilton—poured these bottles into the ground. For her 29th birthday in Las Vegas, Low reportedly gave Hilton a Cartier watch and $250,000 in casino chips.
3) He provided funding for Red Granite Pictures, which resulted in a number of Hollywood hits.
Later on, Jho Low provided financial support to the movie company Red Granite, which made The Wolf of Wall Street. The company made its Cannes Film Festival debut in 2011 by organising one of Low’s typical parties.
DiCaprio, Bradley Cooper, and Jamie Foxx were a few of the famous guests that got to see Kanye West and Pharrell perform. Additionally there at the gathering was Jordan Belfort, the centrepiece of The Wolf of Wall Street and a professional scammer.
4) Jho Low and Leonardo DiCaprio allegedly became pals.
Paris Hilton, Jamie Foxx, and Leonardo DiCaprio were a few of the well-known figures Low surrounded himself with while pursuing an extravagant lifestyle. During the inquiry into the $1 billion fraud, a contract for Leonardo DiCaprio that was signed in November 2009 has also come to light.
According to reports, DiCaprio was paid $150,000 to attend Jho Low’s birthday party, a sumptuous supper, and VIP gambling events. He was transported to the celebration on a private aircraft that a high-end travel agency had exclusively reserved for him. He was one of Low’s closest celebrity acquaintances, and the artist once gave the actor a $9.2 million Basquiat piece as a gift.
5) He was connec
ted to Trump administration officials and Goldman Sachs bankers, according to emmanuelsamarathisa @esshimself.
1. According to insiders, fugitive financier Low Taek Jho (Jho Low) offered the Malaysian government RM1.5 billion to resolve the 1MDB charges against him.
Former attorney general Apandi Ali (right) was chosen by Jho Low to represent him in discussions with the Malaysian government.
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Two Goldman Sachs bankers, Roger Ng and Tim Leissner, reportedly helped Jho Low stage these expensive gatherings and parties. Leissner pleaded guilty and is actively assisting the police. Ng allegedly earned $35 million in compensation for these payments, according to the prosecution.
Leissner further claimed that Low said he and his lawyers were in talks with the Trump administration in 2017 to find a solution that would shield 1MDB from US prosecution, per sources. Low further asserted that he spoke with Jared Kushner, a key adviser in the White House of the Trump administration, to put an end to the 1MDB-related probes.
An individual familiar with Kushner’s travel plans has denied these assertions. There is still a relationship between Low and the Trump administration as demonstrated by Elliott Broidy’s admission that he improperly influenced the Trump administration on behalf of Low.