Wolf Of Wall Street Producers To Pay $60 Million Fine

By on March 10, 2018 in ArticlesEntertainment

Red Granite Pictures, the production company behind "Wolf of Wall Street," will pay the U.S. government $60 million to settle a lawsuit that alleged the company made the movies with illicit funds fraudulently obtained from Malaysia.

The money will be paid in three installments over the next 12 months.

Jemal Countess/Getty Images

The U.S. Department of Justice accused Red Granite of using money from a Malaysian government investment fund called 1Malaysia Development Berhad (1MDB) to make "Wolf of Wall Street," "Daddy's Home," and "Dumb and Dumber To."Red Granite's co-founder is Riza Aziz. His stepfather is Malaysia's Prime Minister, Najib Razak.

This is part of an enormous fraud case. It is not clear whether the $60 million settlement also applies to the larger case about 1MDB assets, which include works of art by Van Gogh, Picasso, and Monet, a 300-foot yacht, and homes in New York and Beverly Hills. The ruling only mentions the films, though U.S. prosecutors claim that $1.7 billion was spent using funds stolen from Malaysia.

The settlement does not mean that Red Granite is admitting guilt or wrongdoing. The production company has previously denied accepting illicit funds knowingly.

"Wolf of Wall Street" grossed $392,000,694 worldwide.  It cost $100,000,000 to make.

Articles Written by Amy Lamare
Amy Lamare is a Los Angeles based writer covering business, technology, entertainment, philanthropy, and pop culture. She spent 8 1/2 years covering the entertainment industry for www.hsx.com. She attended the University of Southern California where she majored in Creative Writing. An avid long distance runner, weekends she can be found running the streets of Los Angeles training for 1/2 and full marathons. Follow her on Facebook.
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