{"id":16284,"date":"2020-01-27T00:00:00","date_gmt":"2020-01-27T08:00:00","guid":{"rendered":"https:\/\/dev.creativespikedigital.com\/lftc\/?p=16284"},"modified":"2024-11-01T13:59:46","modified_gmt":"2024-11-01T20:59:46","slug":"the-real-wolf-of-wall-street-jordan-belfort-is-suing-the-films-producers","status":"publish","type":"post","link":"https:\/\/dev.creativespikedigital.com\/lftc\/news\/entertainment\/the-real-wolf-of-wall-street-jordan-belfort-is-suing-the-films-producers\/","title":{"rendered":"The real \u201cWolf of Wall Street\u201d Jordan Belfort is suing the film\u2019s producers"},"content":{"rendered":"\n

Jordan Belfort, former stockbroker and writer of the 2007 memoir The Wolf of Wall Street<\/em>, <\/em>is suing the producers of Martin Scorsese\u2019s film adaptation.<\/a><\/strong><\/h4>\n\n\n\n

Scorsese\u2019s 2013 film is the legendary director\u2019s highest grossing cinema release. Red Granite Pictures covered the film\u2019s US$100m budget, which was more than the recouped \u2013 The Wolf of Wall<\/em> Street<\/em>\u2018s worldwide box office earnings are said to exceed $390m.<\/p>\n\n\n\n

Scandal struck Red Granite<\/a> last year, however, when co-founder Riza Aziz was arrested on embezzlement charges. He\u2019s currently being detained in Malaysia. Belfort\u2019s suit relates directly to Red Granite\u2019s alleged criminal activities.<\/p>\n\n\n\n

Belfort is asking the company for $300m, reveals The Hollywood Reporter,<\/em><\/a> on claims of fraud and alleged breach of contract. He says he\u2019d never have done business with Red Granite if he knew about their illicit financial practices.<\/p>\n\n\n\n

Aziz is accused of putting upwards of $500 million into Swiss bank accounts, which was siphoned from the Malaysian state fund 1MDB. The US Department of Justice has sought to obtain all future profits from the film as a result of the scandal.<\/p>\n\n\n\n

Beflort\u2019s attorney Bryan Freedman<\/a> extrapolated on the reasoning behind Belfort\u2019s complaint:<\/p>\n\n\n\n

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\u201cBelfort 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 maximise the rights acquired from Belfort as required by contract, due to the highly publicised scandal and amid the allegations of their direct involvement.\u201d<\/p>\nBryan Freedman<\/cite><\/blockquote>\n\n\n\n

Watch: The Wolf of Wall Street Official Trailer<\/h2>\n\n\n\n
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