Martin Scorsese's 'The Wolf of Wall Street' has been plagued with legal trouble — including an international crime scandal — and the real-life Jordan Belfort isn't happy with how that's affected his pocketbook
earned him a Golden Globe and an Oscar nomination, and the film is Martin Scorsese's biggest box office hit to date, but the film has been plagued with legal trouble — including an international crime scandal — and the real-life Belfort isn't happy with how that's affected his pocketbook.
Belfort on Thursday sued Red Granite for $300 million. The Stratton Oakmont co-founder, who spent 22 months behind bars and was ordered to pay millions in restitution after pleading guilty to securities fraud and money laundering charges in connection with the events depicted in the 2013 film, says he never would have sold the rights to his memoir to the producer if he knew the film was funded with dirty money.
Belfort says he was told Red Granite was financed by legitimate high net worth individuals and companies, including Goldman Sachs. Since he signed over his rights in 2011, he's learned that wasn't the case. The rights were purchased and the film was funded with cash from the 1Malaysia Development Berhad, known as 1MDB, according to the complaint. Red Granite co-founder Riza Aziz is the stepson of the embattled former Malaysian Prime Minister Najib Razak, who is accused of siphoning $700 million from the government-run 1MDB fund into his personal bank accounts. Authorities also discovered more than $4.5 billion was taken from the fund by Jho Low, who, and other high-level officials.
Meanwhile, the U.S. Department of Justice filed a record-setting $1 billion forfeiture complaint, which sought, among other things, all future profits from the film. The DOJ reached a $700 million
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