U.S. Government Targets Jordan Belfort’s Pay from ‘Wolf of Wall Street’

jordan belforyJustice Department officials are targeting monies paid to Jordan Belfort in connection with the recent autobiographical hit “The Wolf of Wall Street”. Susan Harrigan, a retired Newsday reporter said that she worked freelance on a story for CNN about The Wolf of Wall Street money and she wished to know whether Belfort’s profits from the film and two books would be used as restitution for the victims of the Stratton Oakmont scam.

There is now an argument over continued payments with the U.S. government contending that Belfort needs to continue to pay restitution at the rate of 50 percent of his gross income. According to prosecutors though, Belfort argues that he is no longer obligated to comply with a payment plan because his supervised release has terminated.

Belfort wrote on his Facebook page on December 29:

“I am not making any royalties off the film or the books, and I am totally content with that. My income comes from new life, which is far better than my old one.”

Robert Nardoza, a spokesman for the U.S. attorney for the Eastern District of New York, responded to the paper. According to Nardoza:

“Belfort’s making these claims, and they’re not factual. He’s in Australia and using that loophole to avoid paying.”

The Hollywood Reporter recently revealed that Belfort is shopping a reality TV series. If he lands one, it could trigger a fresh new fight over whether half of that income goes to victims of his old crimes.