Swizz Beatz is accused of getting $7.3 million in stolen money

A new lawsuit says the producer has something to do with the 1MDB affair.

Swizz Beatz is being sued for theft in a case worth billions of dollars. The suit was filed in New York on October 2. It claims that Swizz, whose real name is Kasseem Daoud Dean, got more than $7 million because of the 1MDB affair.

In the 1Malaysia Development Berhad corruption case, Jho Low, his partner Eric Tan, and others are accused of taking billions of dollars from the fund and using them for other things. AllHipHop got copies of court documents that show how Swizz is said to have been involved.

The lawsuit said, “While the 1MDB Fraud was going on, Jho Low became a famous figure in Hollywood and earned a reputation as a wealthy businessman who liked to throw expensive parties with lots of famous people and take large groups on vacation.” “Low became friends with many American celebrities in the early 2010s, such as Dean and his wife Alicia Keys.”

Low and his friends are accused of giving Swizz Beatz $7.3 million in stolen money.

The money that was taken from Affinity Equity International Partners Limited and Alsen Chance Holdings Limited was connected to the 1MDB crisis, so the liquidators sued the producer to get the money back.

The lawsuit said that between September 21, 2012, and September 4, 2014, Jho Low and/or Eric Tan convinced the debtors to send $7,300,000 to the defendants. During that time, the debtors did not receive any money back from the defendants or anything else in exchange for the fraudulent transfers. Because of this, the borrowers sent a net amount of $7,300,000 to the defendants.

The news source says Alsen Chance “gave $1.5 million to Swizz Beatz Productions Inc. in September 2012.” In October 2012, $1 million and $800,000 were sent… As of November 2013, Affinity sent $800,000 to Swizz Beatz’s Monza Studios. In December 2013, they sent $1 million. It was $500,000 for Swizz Beatz in June 2014, $300,000 for July 2014, and $1.4 million for September 2014.