Beverly Hills mansion built by alleged 'Wolf of Wall Street' embezzler sells for $27.4 million

"For this one, Hadid erected an Egyptian-themed house complete with a pyramid in the front room and sold it to Jho Low, the Malaysian businessman accused of masterminding a scheme that stole $4.5 billion from the 1Malaysia Development Berhad fund, also known as 1MDB. Low, who fled the country and is considered an international fugitive, later transferred it to his partner in the scandal, Riza Aziz."

"According to the listing, Aziz poured more than $40 million into transforming the extravagant mansion, adding a three-tiered movie theater where he screened 'The Wolf of Wall Street' and a posh guest suite for himself. Construction was halted, however, when federal authorities accused Aziz of laundering $250 million from 1MDB, money which allegedly funded the movies he produced and the real estate he purchased."

"Aziz acquired the property in hopes of rebuilding the gaudy home into a vacation spot for his stepfather; in addition to being the co-founder of Red Granite Pictures and producing films such as 'The Wolf of Wall Street' and 'Daddy's Home,' he's the stepson of former Malaysia Prime Minister Najib Razak. Razak was also charged with looting the 1MDB fund and sentenced to 12 years in jail last summer."

A 13,000-square-foot Beverly Hills mansion in Trousdale Estates has changed ownership after a tumultuous decade involving multiple reconstructions and questionable funding sources. Developer Mohamed Hadid purchased the property in 2007 and built an Egyptian-themed house with a pyramid. He sold it to Jho Low, a Malaysian businessman accused of orchestrating a $4.5 billion theft from Malaysia's 1MDB investment fund. Low transferred the property to Riza Aziz, co-founder of Red Granite Pictures and stepson of former Prime Minister Najib Razak. Aziz invested over $40 million renovating the mansion, adding a three-tiered movie theater and luxury guest suite. Federal authorities accused Aziz of laundering $250 million from 1MDB to fund film productions and real estate purchases. He pleaded not guilty but agreed to return $107 million in assets, including the Beverly Hills home.

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