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Today in VegasNovember 4, 2026
Nightlife

Hakkasan's Chief Executive Said in 2016 He Had No Intent of Leaving. He Was Gone Within a Year, and the Former Chairman Got 15 Years.

Khadem al-Qubaisi, the former Hakkasan Group chairman named in the Justice Department's 2016 1MDB forfeiture suits, was sentenced to 15 years in Abu Dhabi in 2019, and in May 2020 his trust gave up a New York penthouse and Beverly Hills sale proceeds worth more than $49 million to the United States. Prosecutors did not allege wrongdoing by Hakkasan itself, but chief executive Neil Moffitt sold his stake and left in April 2017, and Tao Group Hospitality bought the company in April 2021.

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