Entertainment

Producers Claim 'Wolf Of Wall Street' Funded With Embezzled Money

| by Will Hagle

It was already somewhat ironic that the Oscar-nominated Martin Scorsese film The Wolf of Wall Street cost $100 million to make. Now, new accusations claim that the film was financed using embezzled money. 

The accusations appear in a lawsuit involving a dispute between two producers and a Los Angeles-based production company. Red Granite Pictures has been battling producers Brad Krevoy and Steve Stabler in court regarding the upcoming sequel to the 1994 film Dumb and Dumber. Krevoy and Stabler both acted as producers on the original film, but Red Granite claims that the two do not have contracts with the production company for the sequel, Dumb and Dumber To. 

Red Granite also produced The Wolf of Wall Street, and Krevoy and Stabler claim that Red Granite treated that film’s producer Alexandra Milchan in a similar manner to exclude her from contracts. 

Another portion of the lawsuit alleges that Red Granite “is funded with monies that include proceeds from offenses against a foreign nation that involve bribery of public officials, or misappropriation, theft, or embezzlement of funds by a public official.”

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According to the Hollywood Reporter, Red Granite head Riza Aziz is the son of former Malaysian prime minister Tun Abdul Razak. Aziz, along with his partner Joey McFarland, have openly admitted that many of their financing comes from Asia and the Middle East. 

The specific details have not been revealed, but Krevoy and Stabler believe that financing to involve racketeering. The lawsuit claims that the two producers have “engaged in a pattern of racketeering activity, in that they have engaged in multiple financial transactions within the United States -- including financing of The Wolf of Wall Street and then separately financing Dumb and Dumber To ... with knowledge that the transactions were designed to conceal the nature, location, source, ownership, or control of the proceeds of the illegal activity.”

Red Granite denied these accusations.