Former stockbroker sues scandal-hit production company Red Granite for fraud and breach of contractJordan Belfort, the former stockbroker whose story inspired the Martin Scorsese-directed hit The Wolf of Wall Street, is suing the film’s financiers for fraud and breach of contract, and claiming $300m in compensation.According to the Hollywood Reporter, Belfort’s legal action arises directly from the financial scandal surrounding Red Granite, the production company that put up the film’s $100m budget but was subsequently linked to a multimillion-dollar embezzlement in which huge sums were siphoned from 1MDB, a Malaysian state fund. Riza Aziz, Red Granite’s co-founder and stepson of former Malaysian prime minister Najib Razak, is currently under arrest in Malaysia on money laundering charges. Continue reading…
Source link : https://www.theguardian.com/film/2020/jan/24/wolf-of-wall-street-jordan-belfort-sues-producers-fraud-300m
Author : Andrew Pulver
Publish date : 2020-01-24 12:34:17
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