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Latest News => Michael Jackson News => Topic started by: voiceforthesilent on October 27, 2011, 11:02:47 PM

Title: Feds pressure African dictator's son to surrender Ferrari,MJ's glove
Post by: voiceforthesilent on October 27, 2011, 11:02:47 PM
http://autos.yahoo.com/news/feds-pressue-african-dictator-s-son-to-surrender-ferrari--michael-jackson-s-glove.html

Quote
By Justin Hyde | Yahoo! Autos – Wed, Oct 26, 2011 1:37 PM EDT

The U.S. government may soon own one of Michael Jackson's white gloves, a $530,000 Ferrari and a $30 million Malibu estate if it succeeds in seizing them from the son of a corrupt African dictator.

In a case kept hidden from public view until last week, the U.S. Department of Justice says it's pursuing more than $32 million in assets from Teodoro Nguema Obiang Mangue, whose father Teodoro Obiang Nguema Mbasogo has ruled over oil-rich Equatorial Guinea for 32 years -- and has been accused by authorities around the world of illicitly siphoning hundreds of millions of dollars for himself and his family.

A 2010 U.S. Senate report detailed how Obiang the younger, known as Teodorin, had moved $110 million into the United States through shell companies and anonymous transactions, propping up a hard-partying lifestyle that included spending $30 million on one of Malibu's largest mansions and a $38.5 million Gulfstream V jet. Obiang was also known to collect supercars like they were Hot Wheels, with at least 32 cars and motorcycles at one point, including eight Ferraris, two Bugatti Veyrons and a $2 million Maserati.

While the U.S. Department of Justice has said a probe into Obiang had been ongoing since 2004, the first signs of legal trouble for Obiang came from France, where authorities seized 11 of his cars last month, including the $2 million Maserati MC-12. While the Justice Department had sought seven cars from Obiang in California, its latest request mentions only one -- a 2011 Ferrari 599 GTO.

The documents unsealed last week in U.S. District Court in Los Angeles offer the first glimpse of the case built by the Justice against Obiang, accusing him of spending more than $100 million garnered from extortion and embezzlement in Equatorial Guinea. The feds also revealed how Obiang bought $3.2 million worth of memorabilia from Michael Jackson's estate earlier this year, including the white crystal-studded glove Jackson wore on the "Bad" tour, the MTV Music Video Award for "We Are The World" and several of the life-size figurines Jackson used to keep at his Neverland Ranch.

So far, no representatives of Obiang's has officially responded to the government's bid, and the Justice Department has not yet responded to a request for comment from Yahoo! Autos. Human Rights Watch, an advocacy group long critical of inaction against the Obiang family, has called on the United States and other countries to move against the clan despite their control over a key oil supply.

“The move to freeze Teodorín’s assets in the U.S. is overdue,” said Arvind Ganesan, business and human rights director at Human Rights Watch, in a statement. “But the real test will be if the U.S. government vigorously pursues the inquiry to its conclusion without letting diplomatic or business ties stand in the way.”
Title: Re: Feds pressure African dictator's son to surrender Ferrari,MJ's glove
Post by: iamhere4mj on September 14, 2014, 02:13:57 PM
I've been following this and the latest news is that it is still ongoing.

This is the latest document that I can find:

[pdf]http://pdfserver.amlaw.com/nlj/cd_cal_nguema_20140718.pdf[/pdf]

The earlier dates were:

10/21/2013 110 MINUTES OF TELEPHONIC STATUS CONFERENCE held before Judge George
H. Wu. The Court sets the following: Mediation Cutoff June 25, 2014 Post-Mediation
Status Conference June 26, 2014 at 8:30 a.m. Discovery cutoff July 16, 2014 Expert
discovery cutoff August 13, 2014 Motion hearing cutoff September 15, 2014 Pretrial
Conference October 16, 2014 at 8:30 a.m. Jury Trial October 28, 2014 at 9:00 a.m.
The parties are referred to ADR Procedure No. 3 - Private Mediation. Court Reporter:
Pat Cuneo. (kti) (Entered: 10/22/2013)




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