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Welcome to Naked News I_m Katherine Curtis. We_ve got the latest in TV and music news on deck as well as a brand new Boob of the Week. But first things first the headlines Natasha Olenski joins us with details on a global fraud ring that stole BILLIONS of dollarsIt_s amazing what they got away with Kat. But you can never outrun the long arm of the law Welcome to the newsroom everyone Yachts jets New York condos and luxury hotels - those are just a few of the things a group of well-connected financiers allegedly paid for using stolen money from the Malaysian people The US Justice Department claims the criminals stole 3.5 BILLION dollars from a Malaysian investment fund known as 1MDB. It was SUPPOSED to be used to invest in projects worldwide and return profits to Malaysian citizens. But according to US authorities the fraudsters treated the fund like their own personal bank account. And in a Hollywood twist some of the stolen money was allegedly used to fund the hit movie The Wolf of Wall Street The Justice Department hasn_t announced any criminal charges yet. Instead they_re looking to seize one billion dollars worth of assets linked to the scheme - including any profits from The Wolf of Wall Street. The Pokemon Go craze is sweeping the globe but not everyone_s crazy about it Saudi clerics have declared a Fatwa against those trying to catch them all. They_re renewing a ban against the game. The original Fatwa was declared in 2001 back when the game was played with cards. Pokemon was forbidden for promoting symbols from other religions. The new game hasn_t been officially launched in the Middle East yet but that hasn_t stopped gamers from downloading the app and spending hours hunting each and every day. Sorry comrades: Russia_s track and field team has been officially banned from the 2016 Olympic games 68 Russian athletes lost their appeal to overturn the ban imposed by the sport_s governing body the IAAF. This after it was discovered Russia had been running a state-sponsored doping program. There_s a SLIM chance the International Olympic Committee could overturn the decision. But that seems unlikely given that the IOC is currently knee-deep in a separate investigation of Russia_s widespread doping scheme. It could result in a ban of ALL Russian athletes in Rio. THAT decision comes out Sunday Kat. And with the games starting on August 5th it just adds even MORE intrigue to this ever unfolding drama. We_ll see you later Nat. Up next Arnold Schwarzenegger is developing a TV series about his bodybuilding career and Isabella is ready to Pump it up in Inside the Box
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