Financial Transparency Coalition

A response to Ben Heinman's article on corruption in The Atlantic.

Friday's top news stories from Global Financial Integrity

This week, the lawyers of Teodoro Nguema Obiang, the son of Equatorial Guinea’s longtime President, released a statement calling the Obama administration’s seizure of $71 million worth of assets a “character assassination.” In October of last year the U.S. Department of Justice (DoJ) unsealed an asset forfeiture claim against some of Obiang’s U.S. assets, including a $38 million Gulfstream private jet, a $35 million Malibu mansion, a Ferrari, and dozens of pieces of memorabilia of pop singer none other than Michael Jackson, which are worth about $2 million. Authorites came to Obiang’s home and seized much of these items, although...

Thursday's top news stories from Global Financial Integrity