{"id":16263,"date":"2020-01-23T15:30:00","date_gmt":"2020-01-23T23:30:00","guid":{"rendered":"https:\/\/dev.creativespikedigital.com\/lftc\/?p=16263"},"modified":"2024-11-01T14:03:44","modified_gmt":"2024-11-01T21:03:44","slug":"inspiration-behind-wolf-of-wall-street-files-300-million-fraud-suit-over-film-funded-by-dirty-money","status":"publish","type":"post","link":"https:\/\/dev.creativespikedigital.com\/lftc\/news\/entertainment\/inspiration-behind-wolf-of-wall-street-files-300-million-fraud-suit-over-film-funded-by-dirty-money\/","title":{"rendered":"Inspiration behind Wolf of Wall Street files $300 million fraud suit over film funded by dirty money"},"content":{"rendered":"\n<p>Jordan Belfort, the inspiration for the movie&nbsp;<em>The Wolf of Wall Street<\/em>, is now suing the film production company Red Granite Pictures for $300 million.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-large is-layout-flow wp-block-quote-is-layout-flow\"><p>Belfort is significantly damaged by Red Granite\u2019s tainting of his book\/story rights, coupled with Red Granite\u2019s 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<\/p><cite><a href=\"https:\/\/dev.creativespikedigital.com\/lftc\/attorneys\/bryan-j-freedman\/\">attorney Bryan Freedman<\/a> said Thursday in the complaint,\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.hollywoodreporter.com\/thr-esq\/wolf-wall-street-inspiration-jordan-belfort-files-300m-fraud-lawsuit-red-granite-1272309\" target=\"_blank\">according to<\/a>\u00a0the\u00a0Hollywood Reporter.<\/cite><\/blockquote>\n\n\n\n<p>Belfort, 57, said he agreed to sign over the rights to his story under the assumption that Red Granite was funded legitimately.&nbsp;<em>The Wolf of Wall Street<\/em>&nbsp;producer Riza Aziz was arrested last year for allegations he&nbsp;<a href=\"https:\/\/deadline.com\/2019\/07\/riza-aziz-arrested-money-laundering-wolf-of-wall-street-red-granite-1202642098\/\" target=\"_blank\" rel=\"noreferrer noopener\">used the movie<\/a>&nbsp;to launder money.<\/p>\n\n\n\n<p>The Department of Justice has sought to seize all future profits from the movie. Belfort is looking to get his rights deal voided because he contends it will be hard for Red Granite to monetize his story in the future.<\/p>\n\n\n\n<p>While it is unlikely that he could win money from the company, a successful lawsuit could allow him to cut a new movie deal with another for his followup book,&nbsp;<em>Catching the Wolf of Wall Street.&nbsp;<\/em>The book is advertised as &#8220;the continuation&#8221; of Belfort&#8217;s &#8220;spectacular flameout and imprisonment for stock fraud.&#8221;<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jordan Belfort, the inspiration for the movie&nbsp;The Wolf of Wall Street, is now suing the film production company Red Granite Pictures for $300 million. Belfort is significantly damaged by Red Granite\u2019s tainting of his book\/story rights, coupled with Red Granite\u2019s inability and\/or refusal to exploit and maximize the rights acquired from Belfort as required by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16266,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[104,100,2025,1151,119,2377],"tags":[1153],"class_list":["post-16263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bryan-j-freedman","category-entertainment","category-jordan-belfort","category-red-granite","category-tv_film","category-washington-examiner","tag-wolf-of-wall-street"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.7 (Yoast SEO v23.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inspiration behind Wolf of Wall Street files $300 million fraud suit over film funded by dirty money - Liner Freedman Taitelman + Cooley LLP<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inspiration behind Wolf of Wall Street files $300 million fraud suit over film funded by dirty money\" \/>\n<meta property=\"og:description\" content=\"Jordan Belfort, the inspiration for the movie&nbsp;The Wolf of Wall Street, is now suing the film production company Red Granite Pictures for $300 million. 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