U.S.: Equatorial Guinea official must sell Malibu mansion, Michael Jackson memorabilia
The U.S. Justice Department has ordered Teodorin Nguema Obiang, the second vice president of Equatorial Guinea, to sell more than $30 million worth of property thought to have been purchased with funds earned from corrupt deals.
Obiang will surrender a mansion in Malibu, California, luxury cars, and Michael Jackson memorabilia. He will be able to keep items that are overseas, including Jackson's famous white crystal glove and a $38.5 million Gulfstream jet, but those could be taken if brought to the United States.
The order stems from a 2011 civil forfeiture case against Obiang, alleging he had close to $80 million from corrupt business dealings. "It is an extraordinary case in that this is the first case where [it is] a living person whose assets are being seized, so this is historic in that sense," Ken Hurwitz, a senior legal officer at the Open Society Justice Initiative, told Voice of America. Other suits in the U.S. have been filed either after a person has already died or they are no longer in power.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Obiang, the son of the country's leader, says all of his items were bought with money he earned legally. The money from the sale of his assets will be donated to organizations that help the citizens of Equatorial Guinea, where the World Bank says three-quarters of residents live below the poverty line.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
Ukraine hints at end to 'hot war' with Russia in 2025
Talking Points Could the new year see an end to the worst European violence of the 21st Century?
By Rafi Schwartz, The Week US Published
-
What does the FDIC do?
In the Spotlight Deposit insurance builds confidence in the banking system
By Joel Mathis, The Week US Published
-
2024: The year of conspiracy theories
IN THE SPOTLIGHT Global strife and domestic electoral tensions made this year a bonanza for outlandish worldviews and self-justifying explanations
By Rafi Schwartz, The Week US Published
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstances
Speed Read
By Peter Weber Published
-
Western mountain climbers allegedly left Pakistani porter to die on K2
Speed Read
By Justin Klawans Published
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governor
Speed Read
By Peter Weber Published
-
Los Angeles city workers stage 1-day walkout over labor conditions
Speed Read
By Justin Klawans Published
-
Mega Millions jackpot climbs to an estimated $1.55 billion
Speed Read
By Catherine Garcia Published
-
Bangladesh dealing with worst dengue fever outbreak on record
Speed Read
By Catherine Garcia Published
-
Glacial outburst flooding in Juneau destroys homes
Speed Read
By Catherine Garcia Published
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creature
Speed Read
By Justin Klawans Published