The agreement did not include any provisions offering Mr. Low special treatment in the criminal case pending against him, but prosecutors did agree to allow some of the seized assets to be used for $15 million in fees billed by Mr. Low’s legal team. The lawyers included the former Gov. Chris Christie of New Jersey, Robin Rathmell of the law firm Kobre & Kim and the law firm Lowenstein Sandler.

Federal prosecutors in Los Angeles and at the Justice Department’s money laundering division in Washington have overseen dozens of asset forfeiture actions in the case. The actions resolved on Wednesday centered on Mr. Low, a number of trusts and others associated with him, including members of his family who may have benefited from his actions. Other forfeiture actions are still pending.

“Thanks to this settlement, one of the men allegedly at the center of this massive scheme will lose all access to hundreds of millions of dollars,” said Nicola T. Hanna, the United States attorney for the Central District of California. “The message in this case is simple: The United States is not a safe haven for pilfered funds.”

In all, federal authorities say, Mr. Low and his associates, who include the former prime minister of Malaysia, bought more than $1.7 billion in real estate, yachts, jets, jewelry and even financed a Hollywood movie with money looted from a sovereign wealth fund called 1Malaysia Development Berhad, or 1MDB.

“This is a successful outcome for everyone involved,” said Mr. Rathmell, one of Mr. Low’s lawyers. “Now that we’ve resolved all the existing forfeiture cases involving our clients we’re looking forward to continuing the resolution process.”