Jordan Belfort, who inspired The Wolf of Wall Street, sues movie producers for fraud
, is suing the film’s production company, Red Granite Pictures, and its co-founder Riza Aziz for $300 million.The Wolf of Wall Street1Malaysia Development Berhad scandal
. The name refers to a Malaysian government fund that former Prime Minister Najib Razak allegedly used to funnel money into his own personal accounts. Razak is Aziz’s stepfather, and Belfort’s lawyers contend that Aziz acquired the rights to his story with funding misappropriated from 1MDB. Aziz is currently facing corruption charges in Malaysia , and now Belfort has filed a $300 million lawsuit in Los Angeles Superior Court, claiming that he “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 as required by contract, due to the highly publicized scandal and amid the allegations of their direct involvement.
Reached for comment about Belfort’s lawsuit, Matthew L. Schwartz, lawyer for Red Granite, said in a statement to EW, “Jordan 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.”
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