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 a current staff writer at HotNewHipHop based out of New York City. He began writing for the site as an intern back in 2018 while finishing his B.A. in Journalism at St. John’s University. In the time since, he’s covered a number of breaking stories for HNHH. These include the ongoing YSL RICO trial, the allegations surrounding Diddy, and much more. His work also extends outside of hip-hop, having written extensively about a myriad of topics including politics, sports, and pop culture. He’s attended several music festivals to provide coverage for the site as well, such as Rolling Loud and Governors Ball.
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