Leonardo DiCaprio Foundation Tied to $3 BILLION Malaysian Embezzlement Scandal

Its galas are "freewheeling bacchanals in which wives feel outnumbered by suspiciously predisposed Slavic women in bustiers and couples openly cavort in the bathroom stalls."

The man who burns 8,000 miles of fossil fuels to receive an award on environmentalism, and who caters lavish dinners of whole sea bass after asking guests to watch a video on the dangers of over-fishing, finds his personal charity, and himself, a "bit player in the planet's largest embezzlement case."

Yes, according to the Justice Department, certain donations to the Leonardo DiCaprio Foundation came directly from a $3+ billion Malaysian embezzlement scandal. The Hollywood Reporter examines this, and other oddities of the DiCaprio foundation, in a detailed report: 

On the evening of July 20, under a tent at a vineyard in St. Tropez brimming to his specifications with booze, billionaires and babes, Leonardo DiCaprio was preparing to host one of the glitziest charitable events of the year: the third annual fundraiser for his Leonardo DiCaprio Foundation. Earlier that same day, under far less glamorous auspices half a world away, the U.S. Department of Justice was filing a complaint with the U.S. District Court in downtown Los Angeles that suggested the recent Oscar winner is a bit player in the planet's largest embezzlement case, totaling more than $3 billion siphoned from a Malaysian sovereign wealth fund called 1MDB.

While the complaint does not target DiCaprio — he's referred to twice in the 136-page document and only as "Hollywood Actor 1" — the scandal shines an unfamiliar light on the charitable foundation of the most powerful actor in Hollywood thanks to the way the LDF has benefited directly from DiCaprio's relationship with key figures in the saga. And much like the gala in St. Tropez, with its expressions of one-percenter excess ostensibly in support of saving the environment (guests helicoptering in to dine on whole sea bass after watching a short film about the dangers of overfishing), a closer look at the LDF itself raises questions about its ties to the 1MDB players as well as the lack of transparency often required (or offered in this case) for the specific structure the actor has chosen for his endeavor.

THR reports that it remains uncertain whether the DOJ will try to recoup 1MDB's denotations to DiCaprio's foundation. 

The Justice Department would not comment, other than to say this is an ongoing investigation. THR has learned, however, that charities are not off-limits in such asset-seizure cases.)

One of the keys to the LDF's lack of transparency, reports THR, is that it's set up as a "donor-advised fund," or (DAF). DAF's do not operate under the same strict guidelines as normal nonprofits do, and are not required to file itemized public disclosures on its incoming donations or outgoing expenses. 

"Everything [with LDF] might be perfectly fine, but we don't know," Aaron Dorfman, president of the National Committee for Responsive Philanthropy, told THR. 

One thing is certain, Leo might pride himself on being a conservationist, but his lavish fundraisers are the epitome of excess. In fact, THR characterizes the DiCaprio Foundation's galas "freewheeling bacchanals in which wives feel outnumbered by suspiciously predisposed Slavic women in bustiers and couples openly cavort in the bathroom stalls."

At the July 20 event in St. Tropez, where tickets started at $11,778 (10,500 euros) DiCaprio greeted a roomful of approximately 500 partygoers, including oligarchs (Dmitry Rybolovlev), supermodels (Naomi Campbell) and plenty of fellow A-listers, among them Bono, Charlize Theron, Tobey Maguire, Robert De Niro, Scarlett Johansson, Jonah Hill, Bradley Cooper, Cate Blanchett and Arnold Schwarzenegger.

According to the LDF, the July 20 gala raised more than $45 million in funds for global conservation efforts. Yet the organization would provide no documentation to THR to support these and other claims.

Authorities who monitor philanthropies say that LDF is indeed an "anomaly."

Daniel Borochoff, president of a watchdog group called, CharityWatch, told THR that DiCaprio's foundation structure allows it "to shirk accountability."

Welcome to the world of left-wing, celebrity hypocrisy. 

Issues