The U.S. government may soon own one of Michael Jackson's white gloves, a $530,000 Ferrari and a $30 million Malibu estate if it succeeds in seizing them from the son of a corrupt African dictator.
In a case kept hidden from public view until last week, the U.S. Department of Justice says it's pursuing more than $32 million in assets from Teodoro Nguema Obiang Mangue, whose father Teodoro Obiang Nguema Mbasogo has ruled over oil-rich Equatorial Guinea for 32 years -- and has been accused by authorities around the world of illicitly siphoning hundreds of millions of dollars for himself and his family.
A 2010 U.S. Senate report detailed how Obiang the younger, known as Teodorin, had moved $110 million into the United States through shell companies and anonymous transactions, propping up a hard-partying lifestyle that included spending $30 million on one of Malibu's largest mansions and a $38.5 million Gulfstream V jet. Obiang was also known to collect supercars like they were Hot Wheels, with at least 32 cars and motorcycles at one point, including eight Ferraris, two Bugatti Veyrons and a $2 million Maserati.
In a case kept hidden from public view until last week, the U.S. Department of Justice says it's pursuing more than $32 million in assets from Teodoro Nguema Obiang Mangue, whose father Teodoro Obiang Nguema Mbasogo has ruled over oil-rich Equatorial Guinea for 32 years -- and has been accused by authorities around the world of illicitly siphoning hundreds of millions of dollars for himself and his family.
A 2010 U.S. Senate report detailed how Obiang the younger, known as Teodorin, had moved $110 million into the United States through shell companies and anonymous transactions, propping up a hard-partying lifestyle that included spending $30 million on one of Malibu's largest mansions and a $38.5 million Gulfstream V jet. Obiang was also known to collect supercars like they were Hot Wheels, with at least 32 cars and motorcycles at one point, including eight Ferraris, two Bugatti Veyrons and a $2 million Maserati.
