Jordan Belfort, as known as the “Wolf of Wall Street,” and the source of inspiration behind the film’s title, is reportedly suing the producers of the film—Red Granite for $300 million in a fraud lawsuit.
Belfort noted the film was funded with cash from 1Malaysia Development Berhad but was told the movie would be financed by “legitimate high-net-worth individuals and companies, including Goldman Sachs.” Riza Aziz, the co-founder of Red Granite, was accused of taking $700 million from 1MDB and putting it into his personal bank accounts. Riza Aziz is reportedly facing prison time in Malaysia.
Jordan Belfort’s lawyer issued a statement saying, “Red Granite and its principals did not disclose to Mr. Belfort that they were using funds obtained from engaging in racketeering and other criminal activity … Had Mr. Belfort known those facts, he would have never agreed to enter into this contract.”
Previously, real estate mogul Grant Cardone called Jordan Belfort a "broke rat."
source: THR
