“Wolf of Wall Street” Jordan Belfort Faces New Lawsuit

Jordan Belfort, the by now larger than life stockbroker portrayed in the immediate classic ‘Wolf of Wall Street’ is facing fresh court calls as a federal judge claims he will need to testify about his current income, given that Mr. Belfort still owes some $97 million in unpaid restitution.

Brooklyn federal Judge Ann Donnelly stated: “I do want to figure out a way to make a bigger dent in what he owes.”

“It’s not a particularly attractive picture, him taking all this money and claiming he needs it to support his family.”

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Jordan Belfort, the &quot;Wolf of Wall Street,&quot; isn’t just a con, but also a deadbeat, prosecutors say, and they want him to pay up <a href="https://t.co/WSMM4CS1Up">https://t.co/WSMM4CS1Up</a> <a href="https://t.co/7SoavIn2dI">pic.twitter.com/7SoavIn2dI</a></p>&mdash; Bloomberg (@business) <a href="https://twitter.com/business/status/997027454035341312?ref_src=twsrc%5Etfw">May 17, 2018</a></blockquote>

<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

As many of those who’ve seen the movie know, Mr. Belfort served 22 months in federal prison between the years 2004 and 2006 for securities fraud which totaled some $200 million.

Related coverage: https://thegoldwater.com/news/13110-Margot-Robbie-Shines-In-Tonya-Harding-Biopic

Judges at the time ordered Mr. Belfort to pay back some $110 million of that money, but according to recent court records, he has made considerable amounts from speeches and book sales between 2013 and 2015 of which he kept some $9 million.

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Jordan Belfort - From &#39;Wolf Of Wall Street&#39; To &#39;Deadbeat On Main Street&#39; <a href="https://t.co/Wg21vrFBiZ">https://t.co/Wg21vrFBiZ</a></p>&mdash; zerohedge (@zerohedge) <a href="https://twitter.com/zerohedge/status/996871672102866945?ref_src=twsrc%5Etfw">May 16, 2018</a></blockquote>

<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Ms. Donnelly: “It seems like he has some spare change lying around.”

“He’s going to have to come here so we can get a grip on what’s going on.”

Related coverage: https://thegoldwater.com/news/13646-Wolf-Of-Wall-Street-Parties-In-Banc-Of-California

Mr. Belfort’s lawyer, Ms. Sharon Cohen Levin stated that the former stockbroker is “actually is quite cash-strapped, right now.”

Source:

https://www.seattletimes.com/business/judge-wants-to-ensure-wolf-of-wall-street-is-paying-back/