>The lengthy court filings by prosecutors in Brooklyn paint an ugly picture for Goldman, which was instrumental in raising money for the fund, 1Malaysia Development Berhad, or 1MDB.
Given the fund's affinity for Hollywood, I wonder if that abbreviation is meant to evoke "IMDB".
That is not the case, since 1MDB wasn't supposed to fund anything in Hollywood. It was sold to the public as a unified state fund similar to the Norwegian oil fund. The funds from 1MDB were fraudulently directed to another bank account that was then used to fund all kinds of things, especially extravagant parties and a Hollywood film.
Given the fund's affinity for Hollywood, I wonder if that abbreviation is meant to evoke "IMDB".