![]() Schwartz, shot back, telling the outlet: “Belfort’s lawsuit is nothing more than a desperate and supremely ironic attempt to get out from under an agreement that for the first time in his life made him rich and famous through lawful and legitimate means.”īelfort stands to gain a fortune if his legal battle succeeds. That is called fraud and, once again, Red Granite will be held accountable for its illegal activity.” Belfort known those facts, he would have never agreed to enter into this contract. Belfort that they were using funds obtained from engaging in racketeering and other criminal activity to acquire his rights,” Belfort’s attorney Bryan Freedman told The Hollywood Reporter. Belfort entering into the agreement which transferred his rights in Wolf of Wall Street, Red Granite and its principals did not disclose to Mr. He claimed he would have never made the deal if he had known the movie would be produced with dirty money. Belfort sought to void a contract that sold the rights to his memoir in addition to $300 million in damages. Department of Justice, which determined that The Wolf of Wall Street was financed using stolen funds from Malaysia’s government. The suit stemmed from a 2015 investigation by the U.S. In January 2020, Belfort sued Red Granite Productions for fraud, negligent misrepresentation, violation of the RICO Act, breach of contract and breach of the covenant of good faith and fair dealing. Jordan Belfort Actually Sued The Filmmakers of ‘The Wolf of Wall Street’ Find out how he spent the years after his prison release. If not, he certainly has the fearlessness and savvy to amass a second fortune. We imagine a man like Belfort managed to stash some of the money he made during his white-collar crime spree. Even now, he flexes a lavish lifestyle on social media check out this Instagram post from 2019, where Belfort is showing off a Rolls Royce from the Venetian in Macau. Prior to his arrest, typical shenanigans included landing a helicopter on his lawn while stoned, crashing a car while on pills, and capsizing his own yacht. The scammer served 22 months in prison and was ordered to pay $110 million in restitution.ĭiCaprio was praised for accurately embodying Belfort’s excessive lifestyle. Financial regulators charged him with defrauding investors of roughly $200 million. Eventually, his first two wives ( Denise Lombardo, Nadine Caridi) and children took a backseat to a life of quaaludes and prostitutes.īelfort continued at full speed until he was finally indicted in 1999 for securities fraud and money laundering. The more he earned, the harder he partied. The movie was a loose depiction of Belfort’s real life as a sleazy stock trader in the 1980s and 90s. Based on his autobiography of the same name, the Martin Scorsese film earned five Academy Award nominations and two Golden Globe nods-including a win by DiCaprio for Best Performance by an Actor in a Motion Picture – Musical or Comedy. Jordan Belfort’s Life Inspired ‘The Wolf of Wall Street’ Box Office Hitīelfort became a household name when he was portrayed by Leonardo DiCaprio in the 2013 hit The Wolf of Wall Street. Did he ever rebuild his wealth through legitimate means? Or is he still the same shyster who was jailed for fraud? Find out Jordan Belfort’s net worth in 2021 and prepare to be stunned. The Discovery+ documentary will cover the current craze over meme stocks-and who better to talk about the controversial trend than a man who masterminded the biggest pump-and-dump scheme of the 80s and 90s? The fact that Belfort is still working makes us wonder what his finances look like today. In March 2021, Deadline reported that Belfort will host GameStop: The Wall Street Hijack. Surprisingly, more than twenty years after his indictment, he remains in the spotlight. Jordan Belfort is best known as the disgraced stock trader depicted in Martin Scorsese’s 2013 film The Wolf of Wall Street. Belfort’s attorney, Bryan Freedman of Freedman + Taitelman, LLP That is called fraud and, once again, Red Granite will be held accountable for its illegal activity. ![]()
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