Published: Fri, January 24, 2020
Life&Culture | By Sue Mclaughlin

Jordan Belfort: Real Wolf of Wall Street sue film studio for $300m

Jordan Belfort: Real Wolf of Wall Street sue film studio for $300m

Try not to choke on the paradox, yet the real-life "Wolf of Wall Street"- that infamously wooled capitalists for approximately $200 million- is now filing a claim against the movie's producers, asserting they existed and also screwed HIM over.

Belfort was reported as stating in in his claim that Riza Aziz, who is also former prime minister Datuk Seri Najib Abdul Razak's stepson, had represented the company as a "legitimate and legally funded film production company".

Former stockbroker Jordan Belfort has sued former prime minister Datuk Seri Najib Razak's stepson, Riza Shahriz Abdul Aziz, in the USA for allegedly deceiving him about the source of funds used to finance the Wolf of Wall Street movie.

The lawsuit claims that if Belfort "knew [the truth about red granite], he certainly would never have sold the rights".

Belfort claims that Purple Granite's embezzlement scandal has negatively affected the rights to his existence tale, and that he would have by no means agreed to the contract had he identified the place the cash used to be coming from.

However, in 2017, Belfort had indicated that he was aware that Red Granite was not all right and had informed that he knew that the Red Granite managers were "damn criminals" at their meeting.

"Belfort is significantly damaged by Red Granite's tainting of his book/story rights, coupled with Red Granite's inability and/or refusal to exploit and maximize the rights acquired from Belfort as required by contract, due to the highly publicized scandal and amid the allegations of their direct involvement", Belfort's complaint said.

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But the crowd was roaring for Bolt and he remarkably broke, with the tide turning as he rallied to clinch the set 7-5. He looked pleasant after the race through the first set and served 5-4 to have two sets in front of him.

He's looking for $300 million in his legal action.

The company's lawyer described Belfort's lawsuit as "desperate and supremely ironic".

Cast member Leonardo DiCaprio arrives for the premiere of the film adaptation "The Wolf of Wall Street" in New York December 17, 2013.

The report also stated that Red Granite's attorney, Matthew Schwartz of Boies Schiller Flexner, had rubbished the lawsuit, saying that it had no merit and was Belfort's way of trying to get out of his agreement with the company. The movie grossed almost $400 million at the global box office and was nominated for five Oscars, including best picture.

Red Granite officials said they had no knowledge of receiving tainted funds.

In 2018, following an agreement reached with federal prosecutors, Red Granite Pictures paid US$60 million (RM234 million) to the U.S. government to resolve allegations that it profited from corrupt money involving the state-owned investment fund.

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