Netflix: The stunning scandal that rocked Wall Street is now a documentary

The documentary, which was released on Netflix a few days ago, tells the story of the state fund 1MDB, which was created to promote development in Malaysia, but ended up being linked to one of the world's biggest scandals.

His investigative documentary Netflix It exposes the unimaginable corruption, shameful fraud and false magic surrounding a massive scandal 1MDB in Malaysia.

If you don't know anything about this scandal, the documentary provides all the information about it 1- Malaysia Development Berhad (1MDB), a sovereign wealth fund established by the former Prime Minister of Malaysia Najib Razzaq In order to finance investment in his country and rid the people of extreme poverty.

However, leaked financial documents from 2015 proved that 1MDB It never functioned as an investment fund, but rather as a money export center. It was, in essence, theft of state resources. Huge amounts were transferred through government bonds and transferred to bank accounts in SwitzerlandAnd Singapore United States of America. About $731 million appeared in his personal bank account Najib Shortly before the 2013 election, it was allegedly used to foot politicians' credit card bills and fund his wife's lavish habits.

The title of the documentary is a reference to the Malaysian-Chinese businessman Lo taek joknown as Joe LowHe is accused of masterminding the fraud and his fate is currently unknown.

the NajibHe, who was Malaysia's prime minister for nine years, was jailed in 2022 on corruption charges. 1MDB – The first former leader imprisoned in the country.

the NajibHe, who has denied any wrongdoing, continues to face various other cases related to allegations of abuse of power and money laundering.

Finally, what makes the documentary compelling to a broader audience unconcerned with financial impropriety is the description of its intense partying Joe Low With celebrities like Leonardo DiCapriothe Paris Hiltonthe Jamie Foxxthe Miranda kerr And others – it turns out, many of them were paid handsomely to appear at the glitzy ceremonies. Also, under his supervision, the fund financed an unexpected purchase: an apartment in Beverly Hills previously owned by Jay-Z and Beyoncé. A private jet worth $35 million. A yacht worth $260 million. A Picasso painting worth $3.2 million. More than $85 million in gambling debt in Las Vegas.