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FBI to Seize Assets of ‘Wolf of Wall Street’ Producer Red Granite

In one of the biggest asset seizures in U.S. history, Federal prosecutors are expected to file civil lawsuits against “The Wolf of Wall Street” producer and financier Red Granite Pictures, the Wall Street Journal reported late Tuesday.

Billions of dollars were allegedly drained out of a Malaysian government fund since it launched in 2009. The money trail led to Red Granite co-founder Riza Aziz, whose stepfather is the Prime Minister of Malaysia. Authorities are expected to seize millions in assets including properties and other belongings tied to the company.

The Malaysian fund, known as 1 Malaysia Development Berhad (1MDB,) was supposed to help the country’s economy, but according to the F.B.I., the money was instead pumped into real estate in New York and Los Angeles–Aziz reportedly spent $50 million on two homes–and later funded Martin Scorsese and Leonardo DiCaprio’s box office smash hit, “The Wolf of Wall Street,” which grossed nearly $400 million worldwide in 2013. The film was deemed too raunchy and was not allowed to be screened in Malaysia.

It’s not the only drama “Wolf of Wall Street” is facing the Paramount drama this past year. In January, a judge ordered DiCaprio to give a deposition in a civil lawsuit over the portrayal of one of the film’s real-life bankers.

DiCaprio’s Appian Way banner was also a producer on the “Wolf of Wall Street,” which tells the story of Wall Street criminal and ex-banker Jordan Belfort, though neither Appian Way nor Scorsese are subjects of the F.B.I.’s investigation.

Source; Variety

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