Pras Charged In $21M Obama Campaign Finance Case

Goldie

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Prakazrel “Pras” Michel, a founding member of the Fugees, has been charged in an international campaign finance conspiracy case.

The U.S. Justice Department announced details Friday of a four-count indictment that accused Michel of conspiring with fugitive Malaysian businessman Low Taek Jho, aka “Jho Low,” to make and conceal foreign campaign contributions to an unidentified 2012 U.S. presidential candidate.

Michel and Low were each charged with one count of conspiracy to defraud the U.S. government and for making foreign and conduit campaign contributions, the indictment said. Michel was additionally charged with one count of a scheme to conceal material facts and two counts of making a false entry in a record in connection with the conspiracy.


The feds allege Low directed more than $21.6 million to be transferred from foreign entities to Michel’s accounts “for the purpose of funneling significant sums of money into the United States presidential election as purportedly legitimate contributions,” while concealing the true source of the funds.

The indictment accuses 46-year-old Michel of paying $865,000 of the money received from Low “to about 20 straw donors, or conduits, so that the straw donors could make donations in their names to a presidential joint fundraising committee.”

Prosecutors also allege Michel personally directed more than $1 million of the money received from Low to an independent expenditure committee involved in the 2012 election.

The hip-hop star pleaded not guilty Friday in U.S. District Court in Washington, D.C.

“Mr. Michel is innocent of these charges and looks forward to having the case heard by a jury,” his attorney Barry Pollack told The Associated Press.

Low — who remains at large — was previously indicted in the Eastern District of New York for allegedly conspiring to launder billions of dollars and to violate the Foreign Corrupt Practices Act. That case is still pending.


https://deadline.com/2019/05/former-fugees-rapper-pras-charged-in-21-million-campaign-finance-fraud-case-1202612797/
 

5 Grand

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This is a white collar crime valued at $21 Million. Many people think that a white collar criminal that embezzles $21 million is better than the street criminal that robs a convenient store.

The sad thing is that $21 million is a drop in the bucket to the real billionaires in the top 0.1%.
 
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