Barack Obama is on the verge of losing possession of a white crystal-covered glove worn by the late King of Pop Michael Jackson from his "Bad" tour. Last October, the Obama administration took hold of some $71 million in seized assets from the son of noted African dictator Teodoro Obiang Nguema Mbasogo. Among the yachts, cars, jets, and a $30 million mansion in Malibu, Teodoro Nguema Obiang Mangue, son of the president of Equatorial Guinea, also owned $1.8 million worth of Michael Jackson memorabilia, attained when he went on a celebrity memorabilia splurge inside the United States.

The classic celebrity artifacts were allegedly used to mask the source of criminal funds from the African nation, yet since Nguema hasn't been charged with any crime in his homeland, nor has he been convicted in the U.S., a California federal court judge has looked unfavorably on the U.S. government's attempts to moonwalk away with the items. While more than 70 percent of the population in Equatorial Guinea lives in poverty, Nguema and the country's leaders allegedly have used the nation's valuable resources of timber, oil, and minerals to their own advantage. Nguema, who was appointed by his father, is said to have been hoarding profits for himself by means of bribery and corruption.

Before Nguema gets back his prized possessions, though, the judge has allowed the government the opportunity to amend its complaint.

Read it at LAist.