Jordan Belfort Files $300M Lawsuit Against "Wolf Of Wall Street" Producers

BYCole Blake4.9K Views
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Jordan Belfort
The real-life "wolf" has filed a lawsuit.

Jordan Belfort, the inspiration for the film The Wolf of Wall Street, is suing the producers of the film (Red Granite) for $300 million in a fraud lawsuit.

Jordan Belfort Files $300M Lawsuit Against "Wolf Of Wall Street" Producers
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Belfort claims the film was funded with cash from 1Malaysia Development Berhad, whereas he was told it would be financed by "legitimate high-net-worth individuals and companies, including Goldman Sachs," as described by The Hollywood Reporter.

Red Granite co-founder Riza Aziz has been accused of taking $700 million from 1MDB into his personal bank accounts. Aziz is facing jail-time in Malaysia.

Belfort’s lawyer told THR: “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.”

Belfort is attempting to cancel his contract with Red Granite: “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 … due to the highly publicized scandal,” his lawyer explains.

Red Granite's lawyer Matthew L. Schwartz of Boies Schiller Flexner has responded in a statement sent to The Hollywood Reporter that you can find here.


About The Author
Cole Blake is currently an Editor at HotNewHipHop based out of Brooklyn, New York. He began working at the site as an intern back in 2018 while studying journalism at St. John’s University. In the time since, he’s graduated with a bachelor's degree and written extensively about a wide range of topics including pop culture, film & television, politics, video games, sports, and much more. He’s also covered music festivals such as Gov. Ball and Rolling Loud. You can find him publishing work for HNHH from Monday to Wednesday or on weekends. On the sports front, Cole’s a passionate NBA and NFL fan with his favorite teams being the Indianapolis Colts and Los Angeles Lakers. He also roots for the Yankees whenever he finds himself at Yankee Stadium or the Red Storm when in the company of other SJU alumni. His favorite hip-hop artists are billy woods, Earl Sweatshirt, Cam’ron, MIKE, and Mach-Hommy.
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