The DOJ has announced that Teodoro Nguema Obiang Mangue (“Obiang”), the Second Vice President of the Republic of Equatorial Guinea and the son of that nation’s President, has agreed to relinquish more than $30 million in assets allegedly purchased with the proceeds of corruption. Stipulation and Settlement Agreement, United States v. One Michael Jackson Signed Thriller Jacket and Other Memorabilia, No. 13-9169 (C.D. Cal. Oct. 10, 2014). The agreement requires Obiang to sell a $30 million mansion in Malibu, California, a Ferrari automobile, and various pieces of Michael Jackson memorabilia. Twenty million will be given to a charitable organization to benefit the people of Equatorial Guinea, while $10 million will be forfeited to the United States and used to benefit the people of Equatorial Guinea to the extent lawfully permitted. The matter was prosecuted by the DOJ Criminal Division’s Asset Forfeiture and Money Laundering Section under its Kleptocracy Asset Recovery Initiative.