The US government has filed a lawsuit asking to take ownership of 2.5 million shares of preferred Palantir stock that were allegedly caught up in Malaysia's massive 1MDB scandal.
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The US government wants a court to hand over millions of Palantir shares allegedly used in a money-laundering scheme
Palantir stock is part of a list of luxury items the US government says were caught up in Malaysia's massive 1MDB scandal.
Palantir CEO Alex Karp
On Thursday, the US Department of Justice filed a lawsuit to nab a huge assortment of assets, including some of Palantir's stock. The government says these items were bought with allegedly stolen money from
- A yacht
- Interests in a hotel chain
- Movie rights (including interests in "Dumb and Dumber," "Daddy's Home," and "The Wolf of Wall Street" )
- A poster created by the German artist Heinz Schulz-Neudamm for the 1927 silent film "Metropolis"
- Real estate apartments and mansions in New York, LA, and Beverly Hills
- Enormous diamonds
- A Picasso
- A Monet that was allegedly bought as a birthday present for "Wolf of Wall Street" star Leo DiCaprio.
We are seeking to forfeit the assets identified in the lawsuit (this is different from “seizing” property). The forfeiture lawsuits allege that the various assets were purchased with funds that had been laundered, and most of those funds originally were misappropriated from 1MDB. If the government prevails in the forfeiture lawsuits, the United States essentially becomes the owner of the property. We would then do whatever is appropriate and possible to return them to benefit the people who were harmed in the first place."
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Palantir did not immediately respond to a request for comment.
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