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Justice Department Moves to Seize U.S. Assets of Obiang’s Son
By Colby Adams
printThe United States is seeking $70.8 million in assets held by Teodoro Nguema Obiang Mangue, a son of the government minister of Equatorial Guinea accused of corruption and money laundering. In a civil complaint unsealed Tuesday, U.S. officials accused Nguema Obiang of using intermediaries and corporate entities to launder stolen money through the purchase of a $30 million Malibu home, a $38.5 million jet, a Ferrari and nearly $2 million in various Michael Jackson memorabilia. The U.S. Justice Department and others have accused Nguema Obiang, who currently serves as Equatorial Guinea's minister of forestry and agriculture, of amassing more than...
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