Leonardo DiCaprio’s Charity Under Scrutiny for Possible Ties to $3 Billion Scam
Leonardo DiCaprio’s charity has reportedly been linked to a $3 billion racket involving a Malaysian sovereign-wealth fund.
According to The Hollywood Reporter, which carefully detailed the excesses of the Oscar-winner’s lavish fundraisers, several civil fraud complaints filed by the US Justice Department state that money contributed to DiCaprio’s foundation came from 1Malaysia Development Berhad, a fund embroiled in an enormous embezzlement case.
“Everything might be perfectly fine, but we don’t know,” Aaron Dorfman from the National Committee for Responsive Philanthropy told THR.
The inquiry will examine the payment of the Leonardo DiCaprio Foundation’s staff, the price tag of their grandiose events, and how much of their revenue actually goes to charities.
Terry Tamminen, the CEO of the Leonardo DiCaprio Foundation, countered in a statement that they have contributed $30 million in grants this year alone and that the charity is “an incredibly efficient, highly effective philanthropic organization that, through its relationship with the California Community Foundation, is supporting credible organizations that are carrying out some of the most important work on the planet.”