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The latest move by U.S. officials to confiscate hundreds of millions of dollars in assets believed tied to the theft of a now-estimated $4.5 billion from a Malaysian state fund further outlines how the money was first siphoned, then routed through global banks. On Thursday, the U.S. Justice Department filed a civil complaint seeking to forfeit $540 million in high-end real estate, vehicles, jewelry and artwork prosecutors claimed was purchased for the personal benefit of Malaysian officials and their associates with funds embezzled from 1Malaysia Development Bhd., or 1MDB, from 2009 to 2015. The goods were acquired through a "web...