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United States of America v. All Funds Held in Escrow by Clyde and Co. In The United Kingdom as Damages or Restitution in Petrosaudi v. PDVSA Uncitral Arbitration

2:20-cv-08466

March 10, 2021
US Can't Seize $330M Allegedly Tied To 1MDB Fraud Scheme

U.S. prosecutors came up short in their bid to seize some $330 million in assets held in escrow by Clyde & Co. that are allegedly connected to embezzled 1Malaysia Development Berhad funds when a California judge ruled that the government had not sufficiently shown how the money was tied to the alleged scheme.
February 23, 2021
US, PetroSaudi Tussle Over Fate Of $330M 1MDB Funds

A Saudi oil company has accused the U.S. government of improperly attempting to influence the judge ruling on the outcome of English legal proceedings over the fate of $330 million in assets allegedly connected to embezzled 1Malaysia Development Bhd. funds.
January 12, 2021
Feds Fight Bid To Toss $330M 1MDB Forfeiture Suit

Prosecutors seeking to seize another $330 million in assets allegedly connected to embezzled 1Malaysia Development Bhd. funds, including money tied up in arbitration proceedings between Saudi and Venezuelan oil companies, urged a California federal judge not to toss the case, saying the complaint sufficiently alleges the funds are crime-related.
September 17, 2020
Feds Seek Over $330M In New 1MDB Forfeiture Actions

Prosecutors are seeking to seize another $330 million in assets allegedly connected to embezzled 1Malaysia Development Berhad funds, including money tied up in arbitration proceedings between Saudi and Venezuelan oil companies and dozens of vintage movie posters bought by a Hollywood producer.

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