Then at the end of March a company controlled by Theodore Thornton sued Edelman, claiming he had "misappropriated assets" belonging to Museum Partners, an investment partnership Edelman had set up more than a decade ago for one of his last corporate raids.
During this period of uncertainty, FinCEN is reminding U.S. financial institutions of their requirement to apply enhanced scrutiny for private banking accounts held by or on behalf of senior foreign political figures, and to monitor transactions that could potentially represent misappropriated or diverted state assets, proceeds of bribery or other illegal payments, or other public corruption proceeds.