Former stockbroker sues scandal-hit production company Red Granite for fraud and breach of contract
![The Wolf of Wall Streets Jordan Belfort sues films producers for $300m](https://i.guim.co.uk/img/media/e140f6bfe206fd9626a8638d4c7ac644b61e440f/0_133_5616_3370/master/5616.jpg?width=1200&height=630&quality=85&auto=format&fit=crop&overlay-align=bottom%2Cleft&overlay-width=100p&overlay-base64=L2ltZy9zdGF0aWMvb3ZlcmxheXMvdGctZGVmYXVsdC5wbmc&enable=upscale&s=f68aa9aac60f69d35b97fe988dfbf1a4)
Jordan 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.