Task Force Blog

Issues in the News

Feature: Teodorin’s World

February 22, 2011

Playboy bunnies. $2 million Bugattis. Bags full of cash. Meet the world’s richest minister of agriculture and forestry.

Foreign Policy

By Ken Silverstein

The owner of the estate at 3620 Sweetwater Mesa Road, which sits high above Malibu, California, calls himself a prince, and he certainly lives like one. A long, tree-lined driveway runs from the estate’s main gate past a motor court with fountains and down to a 15,000-square-foot mansion with eight bathrooms and an equal number of fireplaces. The grounds overlook the Pacific Ocean, complete with swimming pool, tennis court, four-hole golf course, and Hollywood stars Mel Gibson, Britney Spears, and Kelsey Grammer for neighbors.

With his short, stocky build, slicked-back hair, and Coke-bottle glasses, the prince hardly presents an image of royal elegance. But his wardrobe was picked from the racks of Versace, Gucci, and Dolce & Gabbana, and he spared no expense on himself, from the $30 million in cash he paid for the estate to what Senate investigators later reported were vast sums for household furnishings: $59,850 for rugs, $58,000 for a home theater, even $1,734.17 for a pair of wine glasses. When he arrived back home — usually in the back seat of a chauffeur-driven Rolls-Royce or one of his other several dozen cars — his employees were instructed to stand in a receiving line to greet the prince. And then they lined up to do the same when he left.

Read more…

Share
Latest Press Releases

GFI Calls on G8 to Tackle Illicit Financial Flows at Camp David Summit

Global Financial Integrity · May 17, 2012

WASHINGTON, DC – Global Financial Integrity (GFI) today called on leaders of the G8 to concretely tackle the issue of illicit financial ...

Civil Society, Business Groups Call on Congress to Support Incorporation Transparency, Ban Anonymous U.S. Shell Companies

FACT Coalition · May 16, 2012

WASHINGTON, DC – Today, 41 business and civil society groups sent a letter to every member of the U.S. House of Representatives ...

Glencore ‘should explain potentially corrupt deals in Congo’ – Global Witness

Global Witness · May 5, 2012

LONDON - Global Witness is today calling on Glencore to explain potentially corrupt deals in the Democratic Republic of Congo, and is ...