According to reports, money is looking funny. The famed producer, , and loving has supposedly been named in an international fraud scandal. Based on a lawsuit filing obtained by , Swizz Beatz received a whooping sum of $7.
3 million in stolen funds connected to the 1Malaysia Development Berhad scandal (often referred to as 1MDB). In the paperwork, it alleged that Swizz Beatz (real named Kasseem Dean) was tied back to Jho Low as far back as the 2010s. “As the 1MDB Fraud was underway, Jho Low became a well-known figure in the Hollywood scene and developed a reputation as a businessman with deep pockets and a penchant for hosting lavish, star-studded parties and group vacations,” reads the suit.
“Throughout the early 2010s, Low befriended many U.S. celebrities including Dean and his wife Alicia Keys.
Between September 21, 2012 and September 4, 2014, Jho Low and/or Eric Tan caused the debtors to transfer $7,300,000 to defendants and, during that same time period, the debtors did not receive any money back from the defendants or any other consideration from the defendants in exchange for the fraudulent transfers.” The breakdown of funds supposedly sent to Dean include, a $1.5 million payment to Swizz Beatz Productions Inc.
in September 2012 as well as a $1 million then additional $800,000 transfer deployed in October 2012 by Alsen Chance. In addition to that, Dean’s Monza Studios is accused of receiving $800,000 in November 2013 and $1 million in December 2013 from Affini.