DuSable Capital management ? Who could be involved in this? Let’s find out.
DuSable Management Team
Frank White, Jr. Founder & CEO Frank White, Jr.
Mr. White is the Founder and CEO of DuSable Capital Management and oversees all investments, investor relations, and operations at DuSable. Prior to founding DuSable, Mr. White founded and served as Chairman and CEO of Advanced Concepts, Inc.
Under his leadership, the technology company evolved into a leading supplier of engineering and information technology support services to the Federal Government, primarily the National Security Agency, the Central Intelligence Agency and the Department of Homeland Security.
ACI ranked amongst the Mid-Atlantic’s Top 100 Fastest Growing Businesses for eight-consecutive years. With approximately 400 employees, ACI was ultimately acquired and is now part of BAE Systems, a multi billion dollar international defense company. Mr. White has previously been recognized as a finalist for the Ernst & Young Maryland Entrepreneur of the Year Award.
Mr. White was the National Vice-Chair of President Obama’s 2012 re-election campaign and served as a Co-Chair for President Obama’s 2013 Inauguration Committee as well.
Mr. White earned his BS in Electrical Engineering from the University of Illinois and a MS in Electrical Engineering from Syracuse University.
Mr. White also completed the Executive Education Program at the Tuck School of Business at Dartmouth
Aper the wikipedia article, this is what the US DOJ is looking into.
It was reported the FBI in the United States had begun investigations regarding money laundering involving 1MDB.[96][97][98]
The US Justice Department's international corruption unit has begun a probe looking into property purchases in the United States's involving Najib's step-son Riza Aziz and the transfer of millions of dollars into Najib's personal account.[99][100]
The probe is looking at properties that have been purchased by shell companies that belong to Riza Aziz and close family friend Jho Low.[101][102]
Investment banks such as JPMorgan Chase & Co., Deutsche Bank AG and Wells Fargo have been asked by the Justice Department to retain and turn over records that may be related to improper transfers from 1MDB.[103][104][105]
The FBI has issued subpoenas to several past and present employees of film production company Red Granite Pictures in regards to allegations that US$155 million was diverted from 1MDB to help financed the 2013 film The Wolf of Wall Street and which has Najib's stepson Riza Aziz as its co-founder and chairman.[106][107][108][109]
Also under scrutiny by the FBI and Department of Justice is the role of Goldman Sachs in allegations of money laundering and corruption.[110][111][112]
The FBI is now probing the connection between a regional top executive of global investment bank Goldman Sachs to Razak and the nature of the former's involvement in multibillion-dollar deals with 1MDB.[113]
Tim Leissner, the former chairman of Goldman Sachs' Southeast Asia branch and husband of Kimora Lee Leissner was issued a subpoena by the Justice Department as part of their investigations.[114][115][116]
The U.S. Department of Justice began moves to recover more than US$1 billion from people close to Najib and 1MDB.[117][118][119]
Assets include high-end properties in Beverly Hills, Los Angeles, Manhattan, New York City and London.[120][121]
Also included in the assets seizure was fine artwork, a private jet and royalties from the film Wolf of Wall Street and its production company Red Granite Pictures[122][123][124]
Within the lawsuit, a government official of high rank who had control over 1MDB was referred to as "Malaysian Official 1", and mentioned over 30 times.
"Malaysian Official 1" was alleged to have received around 681 million USD (2.797 billion MYR) of stolen money from 1MDB while returning most of it. In September 2016, Najib was identified as "Malaysian Official 1" by Datuk Abdul Rahman Dahlan, Minister in the Prime Minister's Department and the Barisan Nasional strategic communications director. Dahlan also claimed that Najib was not named because he was "not part of this investigation".[125][126]
Malaysia's first lady allegedly received US$30 million worth of jewels financed with funds stolen from 1MDB fund