Links to embezzlement scandal forced Leonardo DiCaprio to back out of Hillary Clinton fundraiser?

Hollywood star Leonardo DiCaprio says he won't host the originally-planned fundraiser for Democratic presidential nominee Hillary Clinton fundraiser at his LA home on Tuesday due to a scheduling conflict.

The move comes as 41-year-old star has been linked to a $3 billion Malaysian embezzlement scandal.

His rep Shawn Sachs has, however, maintained the scheduling conflict forced the actor to bow out, according to The Hollywood Reporter.

An unidentified source close to the event has claimed the reason DiCaprio backed out was work-related, that his current project will keep him in New York until Wednesday.

The actor is taking his documentary The Turning Point to the Toronto Film Festival in September. He is not currently filming a movie as an actor.

Josh Schwerin, a spokesperson with the Clinton campaign, said any suggestion that the scandal is connected to DiCaprio dropping out "is completely false. It's not at all true." "If we could have had the event at his home, we would have loved to. He was gracious enough to find us a new host. We hope to do something with him in the future," Schwerin said.

Celebrity couple Justin Timberlake and Jessica Biel have stepped in as hosts.

The $33,400-per-guest event, part of a series of late-August fundraisers for Clinton in Los Angeles, now will be held at Timberlake's residence.

The Timberlake-Biel fundraiser is still expected to include DiCaprio's friend Tobey Maguire and his manager Rick Yorn, along with Shonda Rhimes, Scooter Braun and ICM head Chris Silbermann.