December 2, 2022 Breaking News, Latest News, and Videos

Feds Force Son Of African Dictator To Sell Malibu Mansion, Michael Jackson Statues:

The Department of Justice has moved to force the son of an African dictator to sell a $30 million cliff-top Malibu mansion, a Ferrari and six life-size Michael Jackson statues purchased with money embezzled from his country, according to settlement papers filed today in Los Angeles.

Once Teodoro Nguema Obiang Mangue — vice president of Equatorial Guinea and son of the impoverished African country’s president — sells the items, $20 million will be given to a charitable organization for the benefit of his country’s people and another $10.3 million will be forfeited to the United States partly for the citizens Equatorial Guinea, according to the DOJ.

“Through relentless embezzlement and extortion, Vice President Nguema Obiang shamelessly looted his government and shook down businesses in his country to support his lavish lifestyle, while many of his fellow citizens lived in extreme poverty,” said Assistant Attorney General Leslie R. Caldwell of the DOJ’s Criminal Division.

“After raking in millions in bribes and kickbacks, Nguema Obiang embarked on a corruption-fueled spending spree in the United States,” she said. “This settlement forces Nguema Obiang to relinquish assets worth an estimated $30 million, and prevents Nguema Obiang from hiding other stolen money in the United States.”

Under the agreement, Obiang — who reportedly once attended Pepperdine University — must also disclose and remove other assets he owns in the United States and make a $1 million payment to the U.S. for the value of Jackson memorabilia already taken out of the country.

In a statement posted on his Facebook page, Obiang said he was pleased to end “this long and costly ordeal,” which had become “a significant distraction from my official responsibilities and an unnecessary irritant in the relationship between Equatorial Guinea and the United States.”

He said he agreed to the settlement “despite the fact that the U.S. federal courts had consistently found that the Department of Justice lacked probable cause to seize my property, which was acquired with funds earned in accordance with the laws of my country and through business dealings inside and outside Equatorial Guinea.”

As part of the settlement, the government will allow Obiang to keep a Gulfstream jet, a yacht and other items from his Jackson collection, including a white, crystal-encrusted glove from the late singer’s “Bad” tour. The government filed three civil cases in Los Angeles federal court since 2011 accusing Obiang of buying the items with proceeds looted from Equatorial Guinea.

Obiang received an official government salary of less than $100,000, but used his position and influence as a government minister to amass more than $300 million worth of assets, according to federal prosecutors.

Next week, the parties are expected to request that U.S. District Judge George Wu enter the orders to implement and enforce the agreement.

The tiny, oil-rich state of Equatorial Guinea consists of five inhabited islands and a portion of mainland jungle. It has a population of about 520,000. Obiang’s father seized power in 1979.

in News
Related Posts

Separation of the Santa Monica-Malibu School District Moves Forward

December 2, 2022

December 2, 2022

Public engagement to begin in early 2023  By Dolores Quintana The separation of the Santa Monica-Malibu Unified School District (SMMUSD)...

Consumer Protection Lawsuit Against Rihanna’s Lingerie Line Resolved With $1.2 Million Stipulated Judgment

December 2, 2022

December 2, 2022

Lawsuit brought forth by Santa Monica City Attorney’s Office and other offices against Savage X Fenty A consumer protection lawsuit...

NPS Confirms Mountain Lion That Killed Chihuahua in Hollywood Hills Was P-22

December 1, 2022

December 1, 2022

Mountain lion will not be euthanized, NPS says By Sam Catanzaro During the evening of November 9, a large animal...

Westside Ballet Sells Out the Broad Stage for 9th Year in Residence

December 1, 2022

December 1, 2022

The performance company’s 49th Season of the Holiday Classic features dancers beyond the Westside The longest-running Nutcracker production in SoCal...

Local Restaurant’s Burger Named Best in the Southland

November 30, 2022

November 30, 2022

Hank’s Palisades’ burger named best in the Southland by the LA Times Hank’s restaurant in the Pacific Palisades and Executive...

46 Samohi Orchestra Students Chosen for CODA Honors Orchestra

November 30, 2022

November 30, 2022

Students to play in two San Diego concerts this weekend Santa Monica High School (Samohi) announced that 46 orchestra student...

Loews Santa Monica Beach Hotel Celebrates the Holidays

November 29, 2022

November 29, 2022

Head to the beach this December to experience the hotel’s seasonal family-friendly activities This year, Loews Santa Monica Beach Hotel...

Free Holiday Events In Downtown Santa Monica This December

November 29, 2022

November 29, 2022

The Santa Monica Place hosts weekly events throughout the month of December, learn what is happening in this video sponsored...

Santa Monica Issues Moratorium on Parkway Ordinance After Public Dispute

November 29, 2022

November 29, 2022

Move comes after backlash from residents By Keemia Zhang Santa Monica has placed an indefinite moratorium on a previous directive...

Police Seek Suspects Wanted for Santa Monica Jewelry Store Burglary

November 28, 2022

November 28, 2022

Four suspects wanted in connection to November 20 incident  Police are searching for four suspects wanted for robbing a Santa...

Vehicle Drives Over Palisades Park Bluffs

November 28, 2022

November 28, 2022

Driver cited for DUI following Saturday incident By Sam Catanzaro A car drove over the bluffs at Palisades Park in...

More Than 1,000 Food-Insecure Santa Monica College Students Gifted Thanksgiving Groceries

November 23, 2022

November 23, 2022

3rd Annual GIVING THANKS(giving) event returns By Sam Catanzaro As college students across Southern California continue to struggle accessing basic...

Nourish L.A Feeds Thousands Each Week With Excess Food

November 23, 2022

November 23, 2022

Local organization Nourish L.A turns excess food into groceries for those who are food insecure in our neighborhoods and the...

Local Boy Scout Leads Effort to Fix Termite-Infested Trail Handrail

November 22, 2022

November 22, 2022

Ari Candela leads community service effort on a Beverly Hills hiking path By Keemia Zhang Last month, Ari Candela, patrol...

Pacific Park Presents An ‘A-Maize-Ing’ Ferris Wheel Thanksgiving Celebration With 90-Foot-Tall Turkey And All The Trimmings

November 22, 2022

November 22, 2022

Pacific Park on the Santa Monica Pier presents an “a-maize-ing” Ferris wheel Thanksgiving celebration with a fun, festive light program...