The son of Equatorial Guinea’s President Reaches Court Deal with US over Alleged $300 Million Fraud. Teodoro Nguema Obiang Mangue, the son of Equatorial Guinea’s president, has reached a deal with a US court, to atone for his alleged corruption.
Mangue, who is also the country’s vice-president, reportedly looted over $300 million from the country. He allegedly used $70 million out of the money to purchase exorbitant possessions, including a Gulfstream jet, Michael Jackson memorabilia, and a mansion — which has a nine-hole golf course, Times Colonist reports.
His official government salary is said to be less than $100,000, however; he reportedly used his influence to loot millions of dollars from the country. As a result, three years ago, U.S. authorities filed civil-forfeiture cases against Mangue.