Leonardo DiCaprio Surrenders $3.2 Million Picasso and $9 Million Basquiat to US Government

Actor and art collector Leonardo DiCaprio is reportedly in the process of handing over to US authorities a $3.2 million Pablo Picasso painting and a $9 million Jean-Michel Basquiat collage. The move is related to a stunning embezzlement scandal connected to the 1Malaysia Development Berhad fund (also known as 1MDB), founded by the country’s prime minister, Najib Razak, for the purposes of economic development, but now alleged to have been diverted to various less noble ends. read more

2018-10-29T11:04:48+00:00