Bloomberg Law
March 7, 2018, 5:50 PM UTC

`Wolf of Wall Street’ Producer to Pay $60 Million Settlement

• Movie was allegedly financed with stolen Malaysian funds

• Lawsuits are part of wider U.S. probe of stolen 1MDB funds

The producer of the “Wolf of Wall Street” agreed to pay $60 million to settle claims it financed the movie with money siphoned from a Malaysian state investment fund.

The settlement between the U.S. Justice Department and Red Granite Pictures Inc., which was co-founded by a stepson of Malaysian Prime Minister Najib Razak, also covers U.S. forfeiture claims against the producer’s rights and interests in two other pictures, “Daddy’s Home” and “Dumb and Dumber To.”

The complaint targeting the 2013 picture, directed ...

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