Swizz Beatz has settled a $7.3 million lawsuit linked to the 1MDB scandal, though the details of the settlement have not been made public. He has always maintained that he did not know the money was stolen and that the payments were legitimate. With this settlement, the case has been closed without a conviction or admission of guilt, which will be a relief for Swizz as he focuses once again on his family and work.<\/em><\/p>\n Bronx-based producer Swizz Beatz has resolved a serious legal matter. The liquidators of 1MDB have withdrawn their lawsuit against him following a settlement, the details of which have not been disclosed.<\/p>\n<\/p>\n \nThe case revolved around $7.3 million that Swizz allegedly received. According to prosecutors, the money could be traced back to Jho Low, the Malaysian financier behind one of the biggest financial crimes of our time. From the outset, Swizz has maintained that he did not know the money was stolen or connected to fraud.<\/p>\n<\/p>\n \nHis lawyers argued that all payments were received without any fraudulent intent. Swizz believed they were legitimate business transactions, according to the defense.<\/p>\n<\/p>\n \nSwizz Beatz is one of the most influential producers in the history of East Coast hip-hop. He\u2019s produced tracks for Jay-Z, Nas, and DMX, and shaped the sound of the East Coast for decades. Married to Alicia Keys, he\u2019s built an empire in both music and business.<\/p>\n<\/p>\n \nThe 1MDB scandal itself is of an unprecedented scale. Billions disappeared from the Malaysian development fund and ended up in the hands of celebrities and powerful figures around the world. Leonardo DiCaprio was questioned by the FBI about his connections to Jho Low. Kim Kardashian\u2019s name came up in connection with the scheme. And Pras Michel of The Fugees is currently in prison for his role in the corruption network.<\/p>\n<\/p>\n \nThe fact that Swizz has reached a settlement means he can put this legal battle behind him. A settlement is not an admission of guilt. It often happens when both parties simply want to move on without going to trial.<\/p>\n<\/p>\n \nFor a producer who wants to focus on his family and his work, this is probably a relief. The case was settled without going to court.<\/p>\n<\/p>\n \nNo conviction, no admission of guilt. Just the end of a chapter Swizz would rather not have been a part of.<\/p>\n <\/p>\nListen & Watch<\/h2>\n