Billion Dollar Whale

A staggering story. I read a few pieces on 1MDB on WSJ but didn't realize it was such a big scam. Transferring 700 million of the 1 billion fund directly into one's own account in the first month of the establishment of 1MDB is just shocking. And it's only just the beginning.

Quote of the book, Belfort, author of The Wolf of Wall Street, told his wife when he saw how Low spent money in Hollywood
“This is a fucking scam - anybody who does this has stolen money. You wouldn't spend money you worked for like that.”
“These guys are fucking criminals.”

I really hope the global financial system and all the regulatory work as they are designed to.