Hip-Hop Legend's 14-Year Prison Term Highlights U.S. Efforts to Combat Overseas Election Meddling
- Fugees rapper Pras Michel was sentenced to 14 years for conspiring to channel $120M from Malaysian financier Jho Low into Obama's 2012 re-election campaign. - The case ties to the 1MDB scandal involving Goldman Sachs , with Low seeking political access through campaign funds and witness tampering charges against Michel. - Michel's defense called the punishment disproportionate, citing AI use in closing arguments and contrasting penalties with other scheme participants. - The conviction highlights U.S. en
Prakazrel "Pras" Michel, a member of the Fugees, has been given a 14-year prison term for his role in a scheme to illegally direct millions from Malaysian financier Low Taek Jho—also known as Jho Low—into Barack Obama’s 2012 presidential campaign, prosecutors revealed on Thursday. The sentence, handed down by U.S. District Judge Colleen Kollar-Kotelly in Washington, D.C., concludes a widely watched trial linked to the international 1MDB corruption scandal, a massive financial fraud that also drew in Goldman Sachs and other major players
The charges state that Michel received more than $120 million from Low, who has been living in China since 2016 to avoid authorities, and funneled the money through shell companies to support Obama’s campaign.
Michel’s lawyers argued that the punishment was “grossly disproportionate to the crime” and pointed out that his attorney used generative AI in the closing statements—a factor the judge said was not enough to justify a new trial
The 1MDB affair, which resulted in Goldman Sachs paying $1 billion in settlements, has attracted global attention due to its links to political lobbying and financial wrongdoing
Michel’s sentence also includes three years of supervised release and an order to forfeit $64.9 million
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana News Today: Solana Holds at $140—Will SIMD-0411 Trigger a Recovery or Extend the Decline?
- Solana (SOL-USD) trades near $140, constrained by EMAs forming overhead resistance after breaking key support levels. - Proposed SIMD-0411 disinflation plan aims to cut emissions by $2.9B over six years, accelerating inflation reduction to 1.5% by 2029. - Institutional interest grows with $390M ETF inflows and Coinbase's Vector.Fun acquisition, despite $3M in November spot outflows. - Technical analysis shows mixed signals: RSI improvement vs. $711M unrealized losses for major holders, with $172 retest c

Solana News Today: Institutional Interest Drives Solana Back to $130, Sets Sights on $250 Breakout
- Solana (SOL) tests $130 support with RSI rising to 50 and historical 100%+ rebound patterns suggesting potential recovery. - Institutional demand accelerates via $8.26M ETF inflows and GeeFi's $250K token presale success, boosting market confidence. - On-chain metrics show 18% YoY address growth and 9.1% 30-day transaction increases, reinforcing network fundamentals. - $170 breakout could target $250, but volatility risks persist as seen in BlackRock's $532M ETF loss amid crypto declines.

ICP's $4.92 Level Key as Energy Industry Drives Sustained Positive Outlook
- ICP token consolidates below $4.97 after failed $5.17 breakout, with $4.92 support critical for avoiding deeper correction. - Energy sector gains momentum as Constellation Energy secures $1B loan for Three Mile Island nuclear restart to support AI data centers. - GDS Holdings reports 74.4% data center utilization, reflecting strong demand for hyperscale infrastructure linked to AI expansion. - Analysts highlight energy-sector tailwinds for ICP's long-term potential despite near-term technical uncertainty
XRP News Today: XRP's Death Cross and $2.20 Breach Indicate Broad Market Downturn
- XRP跌破关键$2.20支撑位并形成死亡交叉技术形态,短期看跌信号显著增强。 - 技术分析预测价格可能进一步下探$1.25,跌破历史支撑区间引发持续性担忧。 - 加密市场整体承压,比特币/以太坊同步出现死亡交叉,显示行业性熊市趋势。 - 支持者指出XRP跨境支付优势或吸引抄底资金,但短期流动性紧缩加剧下行风险。
