“Instead, that money went to relatives and associates of the corrupt officials of 1MDB and others.”Ĭaldwell said the suit targets only the movie’s future earnings because the feds aren’t “able to seize anything retroactively.” “Of course, neither 1MDB or the Malaysian people saw a penny of profit from that film or the other assets purchased with funds siphoned from 1MDB,” Caldwell said. A Malaysian development fund set up by Prime Minister Najib Razak allegedly purchased a $30 million condo at the Time Warner Center. It is director Martin Scorsese’s highest-grossing film.
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More than $100 million of the loot also allegedly went to produce “The Wolf of Wall Street,” which has raked in more than $392 million in ticket sales worldwide. The assets include five swank Manhattan properties: penthouses in the Time Warner Center and Walker Tower, condos in the Park Laurel building and at 118 Greene St., and a stake in the Park Lane Hotel. with the ultimate goal of improving the well-being of the Malaysian people,” but “unfortunately and tragically, a number of corrupt officials treated this public trust as a personal bank account,” US Attorney General Loretta Lynch said. The fund “was created to promote economic development.
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In a series of interrelated complaints, the feds are seeking a total $1 billion in assets paid for with money allegedly stolen by corrupt Malaysian officials and their associates from 1Malaysia Development Berhad, also known as 1MDB. “This is a case where life imitated art,” said US Assistant Attorney General Leslie Caldwell. “The Wolf of Wall Street” didn’t just tell the story of a crooked stockbroker who scammed millions of dollars that he blew on drugs and hookers - the Leonardo DiCaprio movie was itself financed with stolen money, the feds charged Wednesday.Ī civil suit filed by the US Justice Department demands all future profits, royalties and distribution proceeds from the Oscar-nominated 2013 flick on the grounds that it was part of an international money-laundering scheme involving a development firm set up by the prime minister of Malaysia.
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Real ‘Wolf of Wall Street’ goes viral with job advice: Just quit!