Now, the Mountain of Beverly Hills is at the center of a new lawsuit seeking to recover more than $100 million in allegedly embezzled funds.
U.S. prosecutors claim the funds were used to purchase or contribute to the improvement of the 157-acre Mountain property as well as three homes in Beverly Hills, a private jet, sports cars and Manny Pacquiao boxing memorabilia, among other things. The U.S. is seeking to recover at least $104.38 million in laundered funds.
In an email, Ronald Richards, an attorney for Noval, said that the funds at the center of the dispute were wired almost a decade ago and that the foreign national making the transfer had been verified as a member of the Kuwait royal family.
LATHotProperty jflem94 Is America the home of corruption ?
LATHotProperty jflem94 I can't read the article bc pay wall, but looks as though it's irrigated up there. What a waste of precious water!
LATHotProperty jflem94 if it's so prized then why doesn't someone buy it?