‘Wolf of Wall Street’ film company to pay $60M settlement

FAN Editor

The production company behind “The Wolf of Wall Street” has agreed to pay the U.S. government $60 million to settle claims it benefited from a massive Malaysian corruption scandal.

The settlement between prosecutors and Red Granite Pictures Inc. was approved Thursday in U.S. District Court in Los Angeles.

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The case was part of an effort to recover more than $1 billion prosecutors say was stolen from 1MDB, a Malaysian-owned investment fund.

Prosecutors say the money was diverted to buy properties in New York and California, a $35 million jet, art by Vincent Van Gogh and Claude Monet and a $260 million yacht.

The funds also financed the Martin Scorsese-directed “The Wolf of Wall Street” and two other films.

Red Granite Pictures says it’s glad the matter is over.

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